We're sellers towards 108.535. | 24 May 2021
24 May 2021, USD/JPY
Technical Observation
USDJPY is currently rallying to the lowerside. On this chart, we continue to see further rally to the lowerside. On the lowerside, we are looking at the level 108.535-108.483. If the price fails to break below 108.483, then further momentum to the lowerside is expected with an ideal target set at 107.476. A break below this level will mean we are continuing to the lowerside. On the upperside, a break above the upper trendline will push the price to the upperside with the next idea target set at 107.734.
Trade Recommendations:
We're sellers towards 108.535.
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.
