Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Thu, 21 Mar 2019 09:23:05 +0200
30 Minutes
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USD/JPY

 

ENTRY 110.397 TARGETS 110.337 110.308 110.248 110.174 STOP LOSS 110.546

 

Scenario 1

The currency pair is currently trading between 110.397 and 110.546.  A sell signal will be in place when USDJPY drops below the 110.397, with immediate target at 110.337. A protective stop loss at 110.546 is highly recommended.

Scenario 2

Should the pair manage to exceed the resistance level at 110.546, it will eliminate the downtrend scenario, generating a buy signal.