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Farooq

Technical Analysis – USDJPY _ 13-02-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 13-02-2019
13
Feb
Technical Analysis – USDJPY _ 13-02-2019

Stability above the 109.90-110.10 area maintains the potential bullish scenario with targets around 110.90 as the first target and 111.70 as the second target … The overbought position on the RSI may press the price to retest the mentioned territory before heading to the 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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