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Farooq

Technical Analysis – USDJPY _ 22-02-2019

HomeTechnical AnalysisTechnical Analysis – USDJPY _ 22-02-2019
22
Feb
Technical Analysis – USDJPY _ 22-02-2019

The pair is still trading weakly around its first target at 110.90 … The possible bullish scenario remains intact as long as trades remain above 109.75, and could target the second target at 111.70 and then the 112.50 as the third target … Momentum indicators on each of the four hour time frames, Probability.

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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