Buy USD now within 110.90-110.63 | 22 March 2019
22 March 2019, USD/JPY
Technical observation
USD corrected to a supportive zone it established around 110.90-110.63 and is currently trading within it on an increasing bearish momentum, I expect a loss of this movement within the zone for possible bullish price rally towards 114.06 followed by a breakout above it for a further rise in price. You can buy this pair now within the zone with your take profit at 114.06 and stop loss at 109.98.Should there be a clear breach below the above mentioned zone with a big red candle, wait for a correction to it and a bounce within it to confirm possible downwards movement of price before you sell USD towards the key line 107.60.
Trade recommendation
Buy USD now within 110.90-110.63 with your take profit at 114.06 and stop loss at 109.98.
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.
