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Farooq

Technical Analysis – USDJPY _ 22-03-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 22-03-2019
22
Mar
Technical Analysis – USDJPY _ 22-03-2019

The possible bearish scenario remains intact as long as the trading remains below resistance 111.70 and the pair may be testing the support at 110.05 as the first target and then the 109.25 support as the second target and it could extend to support 108.50 as the third target.
A breach of 111.70 resistance might be enough to end the downside scenario and could then continue towards the resistance at least 112.50.


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