USDJPY 19.05.2022

Technical Analysis
Thursday, May 19, 2022 - 15:30
Point Trader Group
USDJPY 19.05.2022

summary:

The pair is trading in an uptrend

Expected scenario:

The pair is trading the highest strong support level around 126.90, which enhances chances of ascending to 128.50

Alternative scenario:

Breaking the level of 126.90 may push the pair to continue the decline to reach 125

resistance levels

128.50 - 129

Support levels

126.95 - 125

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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