18
Feb
Technical Analysis – USDJPY _ 18-02-2019
-
Authoradmin
-
Comments0 Comments
-
Category
Weak trading around the uptrend line shown on the 4 hour chart and the highest support area 110.10 – 109.90 … The pair is currently supported by the SMA 50 …
The possible bullish scenario remains intact as long as trades remain above 109.75 and the pair could resume its first target at 110.90 then 111.70 as a second target and then 112.50 as a third target.
A break of 109.75 with a four-hour closing might be enough to end the bullish scenario and the price could then head to 109.10 as the first target and then 108.45 as the second target.
Tags:
Related Posts
Recent Comments
- Starlight Herot on Euro Higher on German Data, Sterling Edges Lower
- Frost Dragont on Euro Higher on German Data, Sterling Edges Lower
- Gwinnettt on Euro Higher on German Data, Sterling Edges Lower
- Vanessat on Euro Higher on German Data, Sterling Edges Lower
- Christinet on Euro Higher on German Data, Sterling Edges Lower
Archives
- October 2024
- February 2024
- July 2023
- July 2021
- May 2021
- March 2021
- February 2021
- September 2020
- May 2020
- February 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017