On the sidelines | 29 March 2019
29 March 2019, USD/JPY
Technical Observation
On the 4 hour chart attached, the US Dollar have no clear direction. We're waiting for price to clear ascend above the slow moving average to pick a buy price to clearly break below 109.905 to confirm a possible bearish rally towards 107.915. On this chart, I'm looking at the following lines 107.915, 109.905, 111.895 and 114.20. Anytime the price approaches any of these lines, we'll be looking for a low risk trade. According to this chart, both sell and buy orders appears risk temporarily.
Trade Recommendation:
On the sidelines
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.
