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Dollar A.S. / Yen Jepang
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USDJPY Long entry

Oleh Orion-Markets
Last week USD/JPY fell by 1.98% towards the 113.1 area. This occurred after USD/JPY made new yearly highs of 115.221. The price has stabilized at the support zone off 113.420 which, if holds could mean an increase of price from this point. The 4hr RSI levels are also oversold (22) which complies with this analysis. The target of this trade is at the resistance zone of 114.1, following this the next target is at 114.70. The stop loss area for this trade is just below the support level at 112.934.

Chart PatternsentryTechnical IndicatorsjpyLONGTrend AnalysisUSD
Orion-Markets
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