Jan 02 2019

USDJPY Trade idea

USDJPY- In hourly chart, this pair seems to rise to touch near term target.Stochastic is at oversold zone and already given bullish crossover signal. RSI is at 16 (Oversold territory). We see hammer which is bullish reversal candle.

Our Preference- Buy at 108.90

Target- 110.00

Stop loss- 108.45