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Look for buy positions towards 112.00.

Look for buy positions towards 112.00. | 12 April 2021

12 April 2021, USD/JPY

Look for buy positions towards 112.00.

Technical Observation

The Us dollar is currently above the upper trendline. On this chart, while we continue to see sustainance above the upper trendline, we expect nothing but a possible momentum to the upperside and should breakout above 111.90 towards 113.90. If you are looking at this chart, we are in an active up trend, we recommend looking for more buy positions expecting price to eventually break beyond 112.90. On the lowerside, in case the price breaks below the same trendline, then a rally towards 102.90 is expected.

Trade Recommendations:

Look for buy positions towards 112.00.

Imelda Maseno
Analyst of «FreshForex» company
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