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Remain long

Remain long | 03 May 2021

03 May 2021, USD/JPY

Remain long

Technical Observation

Ealiuer today, the US dollar rallied to the upperside and is still showing signs of rising even further. As it is now, wee are expecting further momentum to the upperside and should break above the previous month's highest high towards 116.00 or even higher. On the otherside, should the price break below the alligator indicator, then this will be a good chance to look for a possible sell position ex[ecting the price to break below 107.75 towards 1.04.76 or even lower. As it now, only buy positions looks ideal.

Trade Recommendations:

Remain long

Imelda Maseno
Analyst of «FreshForex» company
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