look for a buy candle with an ideal take profit at 114.00
look for a buy candle with an ideal take profit at 114.00 | 15 August 2018
15 August 2018, USD/JPY
11
Technical observation:
USDJPY is currently rallying around 111.27. This is just a couple of pips above the key line 111.04, as I stated few days ago, while the price is above the 111.04 handle, I expect a surge upwards with an ultimate take profit at 114.00. If this take profit is taken out, then further rally towards 118.00 or even higher is expected. On the lower side, a breakout below the daily support line 111.040 will attract a long term sell position with my take profit at 108.40. On its way downwards, the key lines include 110.21 and 108.
Trade Signal
look for a buy candle with an ideal take profit at 114.00
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .