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Buy the USD now with your take profit at 114.00

Buy the USD now with your take profit at 114.00 | 10 May 2019

10 May 2019, USD/JPY

Buy the USD now with your take profit at 114.00

Technical Observation

The USD is currently trading around a major daily support level 100.761. This os a key support and while it holds price above it, I expect a possible turn around from this level to pick a low risk buy towards 114.12. But should the price break below this level, I expect a steep plunge towards the next line with is 107.270 and may extend even lower. But on the upperside,the key lines to look for include 110.920, 112.250 and 113.39. a break above this lines will push the price even higher towards 118.00.

Trade Signal

Buy the USD now with your take profit at 114.00

Imelda Maseno
Analyst of «FreshForex» company
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