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Farooq

Technical Analysis – USDJPY _ 12-02-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 12-02-2019
12
Feb
Technical Analysis – USDJPY _ 12-02-2019

A clear breach of the resistance area 109.90 – 110.10 and we see on the four hour chart confirms the possibility of resuming the bullish trend whose targets are around 110.90 as the first target and then 111.70 as a second target … The saturation that appears on the Stochastic and RSI may press the price to retest the breached area mentioned Before heading to potential targets.

A break of 109.45 with a four-hour closing might be enough to end the bullish scenario and the price could then head to 108.65-60 as the first target and 107.80 as the second target.


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