Sell USD from 110.042. | 14 May 2019
14 May 2019, USD/JPY
Technical Observation:
Earlier today, USD rose tremendously and even went above the level 109.567 and is still pretty much above this line. While the price is contained above 109.562, I expect a momentum towards 110.042, a breakout above this line will push the price even higher. As it, on the daily chart, the current dominant trend is downwards, the current move to the upperside is a possible retracement and may not go beyond 110.042 where we'll be looking for low risk sell orders with a take profit at 109.060.
Trade Signal
Sell USD from 110.042.
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.
