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Farooq

Technical Analysis – USDJPY _ 26-03-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 26-03-2019
26
Mar
Technical Analysis – USDJPY _ 26-03-2019

The price has been fluctuating since opening this week around its first target of the downside scenario at 110.05 support … The downside potential remains intact as long as the trading remains below resistance 111.00, and the pair could reach the second target at 109.25 support and support 108.50 as the third target.

A breach of 111.00 might be enough to end the downside scenario, and could then continue towards the resistance at least 112.00

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