Sell USDJPY from the upper trendline towards 110.659. | 22 February 2019
22 February 2019, USD/JPY
The USDJPY is currently trading within a possible triangular formation. We're have the resistance trendline as the diagonal and the level 110.659 as the base of the triangle. While the price remains above 110.659, I expect this pair to remain within this shape, and should the price break below the base, then I expect a bearish acceleration towards 110.271. And on the flip side, should the price breakout above the diagonal, then this will be an ideal place to look for a long term buy order towards 110.885.
Trade Recommendations:Sell USDJPY from the upper trendline towards 110.659.
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.
