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Buy USDJPY now, have your take profit at 110777.

Buy USDJPY now, have your take profit at 110777. | 31 May 2021

31 May 2021, USD/JPY

Technical Observation

On this chart, the most significant levels am looking at include 107.400, 108.220, 109.040 and 110.77. As it is now, we are seeing the possibility that the price could continue to the upperside and should breakout above 110.777 towards 115.00 towards 118.00 or even higher. On the flip side, should the price break below the lower trendline, then we will be looking for the possibility that the price should continue to the lowerside with our target along the 200 Period moving average.

Trade Recommendations:

Buy USDJPY now, have your take profit at 110777.

Imelda Maseno
Analyst of «FreshForex» company
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