USDJPY - Moving higher towards AB=CD

10 Tem 2019

USDJPY
USDJPY
USDJPY
USDJPY

USDJPY - Intraday - We look to Buy at 108.35 (stop at 108.05)

3 positive daily performances in succession. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. The AB=CD formation target is located at 109.27. Bespoke resistance is located at 109.22. We expect this cycle to continue and look to set longs. Bespoke support is located at 108.35.

Our profit targets will be 109.20 and 109.30

Resistance: 109.22 / 109.25 / 109.43
Support: 108.50 / 108.35 / 107.50