20 августа 2020, USD/JPY
Technical Analysis
USDJPY is currently rallying around 106.098. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . USDJPY_e is currently in a range, not going above the previous day's highest high 106.15,or the previous day's lowest low 105.1. If the price breaks above 106.15 then we will consider a long term buy with our target at 101.455. And on the flipside, a sustained move below 106.15 will attract sellers with an ideal target around 98.9749.
Trade Recommendations:
Buy a break above 106.108.
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