The Price Action Analysis for USD/JPY – 20/05/2019
The 5%ers' Blog
Waiting for a Signal to Buy USD/JPY
As we can see, the USD/JPY has just started to develop a bullish momentum by breakout the last high of the recent bearish momentum.
As the price is bullish for now, it will be wiser to look for a reason to buy.
The demand below seems like a great level for buy position as on the first touch of the price at that level it’s the right time to buy.
The first target will be the supply above and the final target will be the supply at the top, which is also a great level of sell position.
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