USDJPY – Down
Technical Observation:
USD is currently bouncing from the upper trendline. While the price is rallying around this trend line, I’m waiting for a clear sell signal to pick a sell position with my take profit at 110.055. And should price breakout above this trendline, then I’ll wait for a pullback to the just broken line to pick a long position with an ideal take profit at 112.535. A good place to sell this pair is if the price can break below 110.535, this being the case, I’ll equally wait for a pullback to the broken line to pick a sell position.
Trade Signal.
Wait
Do you know against which currencies JPY is the most profitable?
More trading assets here…
You may check other analytical reviews on FreshForex website. Source: freshforex.com.