Buy the USD from 109.559 towards 110.047 | 15 May 2019
15 May 2019, USD/JPY
Technical Observation
USD is currently trading with an increasing bullish bias momentum. As I mentioned in the previous day's analysis, while the price is contained within the zone 109.559 -110.047, I'll only be interested in trading reversals. Basically, any bounce from 110.047 will attract a sell while a bounce from 109.559 will attract a buy. As it is, We're in a buy from 109.559, towards 110.047, and should price bounce from 110.047, we'll expect a possible sell towards the next level 109.559. A break above will push the price higher towards 110.295.
Trade Recommendations:
Buy the USD from 109.559 towards 110.047
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.
