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We're sellers towards 107.420.

We're sellers towards 107.420. | 25 May 2021

25 May 2021, USD/JPY

We're sellers towards 107.420.

Technical Observation

USDJPY remains below the Alligator indicator, and while the price remains below this indicator, we expect nothing but a possible rally to the lowerside. And while the price below this indicator, we expect nothing but a rally to the lowerside is expected. Our target on the lowerside is set at 107.420. And should the price break above the upper trendline, then further rally to the upperside is expected with an ideal target set at 110.830, a break above this level will push the price much higher.

Trade Recommendations:

We're sellers towards 107.420.

Imelda Maseno
Analyst of «FreshForex» company
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