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Buy a bounce from 105.743

Buy a bounce from 105.743 | 09 August 2019

09 August 2019, USD/JPY

Buy a bounce from 105.743

Technical Observation

On this chart, the most important level is the -127.2 Fib level, this is a very good 4 hour support level and as long as the price remains above it, we're only interested in buying a bounce from it. Basically, this is also a daily level and a break below it, will mean we're looking for long term sell order towards 100.25 or even lower. A retracement back towards 106.507 may attract a good sell with an ultimate target at 105.743. The levels to look for in this chart include 106.507, 107.170, and 107.580.

Trade Recommendations:

Buy a bounce from 105.743

Imelda Maseno
Analyst of «FreshForex» company
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