Short USDJPY towards 108.295 | 24 May 2019
24 May 2019, USD/JPY
Technical Observation
USDJPY is currently trading with an increasing bearish bias momentum. I expected a possible momentum towards 113.014, but as it appears, the USD is currently rallying to the lowerside. From the current chart structure and set up, on the weekly charts, I recommend looking for long term sell orders with my take profits at 108.295, and should price breakout lower, then I'll expect further momentum even lower with an ideal take profit at 104.778. a break to the lowerside will push the price lower to 100.735.
Trade Signal.
Short USDJPY towards 108.295
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.
