USD/JPY: The market is consolidating between 114.00 and 105.00.

Tian Kriek

Analyst


March 25, 2019 08:27 AM

BULLISH

Daily Trading Range:
USD/JPY: The market is consolidating between 114.00 and 105.00. There is no trend at the moment however, the market is moving bullish from support to resistance. The market is STILL too high to buy. The Fed is Dovish which means equities will increase in value and therefore I expect the JPY basket to weaken. All I need now is a low price to buy at

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 108.1300
Resistance 2: 110.7000
Resistance 1: 113.5000
Current Price 110.0600
Support 1: 111.0000
Support 2: 99.8600
Support 3: 93.0000

Two Hour Chart

Two Hour Chart