Sell USD from 110.042. | 14 May 2019

14 May 2019, USD/JPY

Sell USD from 110.042.

Technical Observation:

Earlier today, USD rose tremendously and even went above the level 109.567 and is still pretty much above this line. While the price is contained above 109.562, I expect a momentum towards 110.042, a breakout above this line will push the price even higher. As it, on the daily chart, the current dominant trend is downwards, the current move to the upperside is a possible retracement and may not go beyond 110.042 where we'll be looking for low risk sell orders with a take profit at 109.060.

Trade Signal

Sell USD from 110.042.

Imelda Maseno
Analyst of «FreshForex» company
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