Buy USDJPY (12/03/2019) 10:56

Buy USDJPY (12/03/2019) 10:56

On March 12, 2019, Posted by , In Uncategorized, By , , With No Comments

USDJPY.DMAH4.png

A potential buy opportunity has prevailed on the USDJPY. We have seen the market retrace towards a prominent level of support. AN ascending trend line, and the previous structure and the fib zone combination, thus making the 110.900 price range an area of confluence. Thus translating to a high probability turning point and leading to a possible rally in price. With regards to the reasons mentioned above, we foresee the price rallying towards the 113.920 price range before the Bears once again step in, in an attempt to push the price lower. This analysis was mainly carried out on the H4 chart. Buy USDJPY at price 111.354 with your stop loss at 110.245 place your TP at 114.326

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