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
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
