USDJPY Trade Idea

USDJPY Trade Idea

10 Apr 2019 03:17 PM
 

USDJPY:-An inverted flag pattern is formed over 1 hourly chart of USDJPY, prices started consolidation in between a sharp decline. The congestion is tilting upward -  which is validating the flag formation. RSI (14) is below 50 mark indicating the downtrend.

Our Preference:- Sell below 111.10

Target- 110.75

Stop loss- 111.26