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Place a pending sell limit order at 109.229 with your first take profit at 107.725

Place a pending sell limit order at 109.229 with your first take profit at 107.725 | 17 June 2019

17 June 2019, USD/JPY

Place a pending sell limit order at 109.229 with your first take profit at 107.725

Technical Observation

USDJPY is currently trading within an expanding wedge formation. The current upward rally we're seeing is a possible retracement to the upperside but should not go beyond 109.229 which is a good sell place. If you're not already in a sell position, you can have a pending sell limit order from around 109.229, stoploss above 109.825, and take profit at 107.725. And in case the price breaks below this level, then I'll expect further momentum to the lowerside with the next ideal take profit being 106.00.

Trade Signal.

Place a pending sell limit order at 109.229 with your first take profit at 107.725

Imelda Maseno
Analyst of «FreshForex» company
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