We're buyers towards 110.777. | 28 May 2021
28 May 2021, USD/JPY
Technical Observation
USDJPY rallied to the upperside and is still showing signs of continuing to the upperside. When the intraday MACD bars are above zero and the Moving Averages, we are in an uptrend, we are looking for long term buy positions expecting the price to break beyond 110.777 towards 112.00 or even higher. A rebound from 110.777, will mean we are looking for a temporary sell towards 106.220 and may extend much lower towards 104.100 or even lower. If you are on this chart, look for sell orders.
Trade Recommendations:
We're buyers towards 110.777.
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.
