Rising indizes could push it up to 110 area

2020-03-04 11:44:55

Recent week we saw a nice risk off pushing money into JPY, all JPY crosses had a massive sell off.
The price rejected at the weekly bullish block around 106.8.
We could see a buy to 110 area, but keep in mind that any breach of the 106.8 area with massive sell candles could lead us to 105 area before the trend changes.