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Farooq

Technical Analysis – USDJPY _ 12-03-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 12-03-2019
12
Mar
Technical Analysis – USDJPY _ 12-03-2019

The pair continues to rise after receiving support from the level of 110.90, despite this rise, but trading is still stuck between the moving averages of 50 and 100 … The return of the price of trading higher than the simple moving average 50 around 111.70 may enhance the possibility of the rise to the level of 112.50 is the third target of the scenario Boarding…

A four hour closing below 110.90 might be enough to end the scenario and the pair could then retest to test the support area at 110.10 – 109.95 at least.


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