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Farooq

Technical Analysis – USDJPY _ 20-02-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 20-02-2019
20
Feb
Technical Analysis – USDJPY _ 20-02-2019

The pair is currently floating its first target at 110.90 … The possible bullish scenario remains intact as long as the trading remains above 109.75 and it could reach its second target at 111.70 then 112.50 as the third target … Momentum indicators on both the four hour and daily basis support this possibility .

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.


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