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We're upwards towards 111.868.

We're upwards towards 111.868. | 23 May 2019

23 May 2019, USD/JPY

Buy from 108.440 usdjpy with your take profit at 111.868.

Technical Observation

Yesterday, the US Dollar pulled back to the lowerside but is still pretty much bullish both on the daily and the weekly charts. As I stated in my previous forecasted, chances of price rallying higher are very high. But a retracement back towards 108.440 is equally higher. One could have a pending buy limit order around 108.440, with their stop loss below 106.530 and take profit at 114.126. Alternatively, one should have a buy stop above this year's highest high with a take profit at 114.126.

Trade Recommendations:

We're upwards towards 111.868.

Imelda Maseno
Analyst of «FreshForex» company
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