UsdJpy- towards 109? Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 19, 2020 6:18 AM

UsdJpy found strong support just under 107.
With increased risk appetite and the price of Gold falling down I expect the pair to rise in the following days and reach 109 resistance.
Also, a trade with SL under 107 has a good R:R of 1:3