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Sell USDJPY towards 105.610

Sell USDJPY towards 105.610 | 08 August 2019

08 August 2019, USD/JPY

Technical Observation

USDJPY is currently trading with an increasing bearish bias momentum. While the price is contained below the trend indicator marked above, I expect a possible plunge further to the lowerside with the next ideal take profit being 105.610. Conservative traders should look for sell positions now with their stop loss above this weeks highest high and take profit at 105.610. In case the price breaks below this take profit then this will offer another good place to pick low risk sell orders towards 100.021.

Trade Recommendations:

Sell USDJPY towards 105.610.

Imelda Maseno
Analyst of «FreshForex» company
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