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We're buyers towards 110.777.

We're buyers towards 110.777. | 28 May 2021

28 May 2021, USD/JPY

We're buyers towards 110.777.

Technical Observation

USDJPY rallied to the upperside and is still showing signs of continuing to the upperside. When the intraday MACD bars are above zero and the Moving Averages, we are in an uptrend, we are looking for long term buy positions expecting the price to break beyond 110.777 towards 112.00 or even higher. A rebound from 110.777, will mean we are looking for a temporary sell towards 106.220 and may extend much lower towards 104.100 or even lower. If you are on this chart, look for sell orders.

Trade Recommendations:

We're buyers towards 110.777.

Imelda Maseno
Analyst of «FreshForex» company
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