Forex Technical Analysis: Trend potential – Buy USD around 110.28 towards 111.51

USDJPY – Down

Buy USD around 110.28 towards 111.51

technical Observation

Today, I expect the USD to trade within an equilibrium range, not going above 111.51 or below 110.13. If the price should break out of these lines, then I’ll pick a trade depending on the direction of the breakout. As it is on the hourly chart attached, I’m waiting for a bounce from 110.78 to pick an upward position with my take profit fixed at 111.51. If this line is taken out, then further rally towards 1112.16 is expected.

Trade Signal.

Buy USD around 110.28 towards 111.51

101% Double the volume

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