Buy a break above 111.757. | 19 Marzo 2019

19 Marzo 2019, USD/JPY

Buy a break above 111.757.

Technical Analysis

The US Dollar is currently bouncing from a daily level 111.757. This is a key level and while the price is below it, we're waiting for a bounce from it to pick a sell or should price breakout above it, then this will be an ideal place to look for a long term, buy towards 114.520. According to the chart we have attached, the Overall trend here is upwards, therefore, while the price is contained above both the supportive trendline and the 21 Simple Moving Average, I expect a steep rise and should breakout above 111.757 towards 114.520.

Trade Signal

Buy a break above 111.757.

Imelda Maseno
Analyst of «FreshForex» company
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