Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
USD/JPY: bulls keep pushing
2019-11-11 • Updated
BUY 112.5 SL 111.95 TP1 113.7 TP2 114.25 TP3 115.3
BUY 111.85 SL 111.35 TP1 113.7 TP2 114.25
On the daily chart, USD/JPY approached 88.6% target of the inverted “Shark” pattern. If they succeed to keep the pair above 113, the pair may go for 113% target.
On H1, USD/JPY keeps rising towards 224% target of AB=CD. The nearest resistance is close to 113.65. A recoil down from this level is likely. Trend remains bullish, so correction with the following recoil to the downside may be used for buying.
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