Still buying USD | 24 August 2018
24 August 2018, USD/JPY
Technical Observation
After the bullish cross over seen few days ago, USD has been in a constant up trend and is still showing signs of rising even further. While the price is above the two SMAs, I expect a possible spike to the upper side with an ideal take profit at 113.15. To pick this long position with precision, you could wait for a breakout above 111.40 to confirm further bullish momentum. On its way upwards, the key lines to look for include 112.15, 112.65 and 113.15. If the last line is breached, then further movements upwards is expected.
Trade Signal.
Still buying USD
101% Double the volume
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All bonus participates in drawdown!
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.
