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Buy USDJPY from 106.748 towards 108.502.

Buy USDJPY from 106.748 towards 108.502. | 09 September 2019

09 September 2019, USD/JPY

Buy USDJPY from 106.748 towards 108.502.

Technical Observation

USDJPY is in an active up trend. Following the break above 106.748-106.676, this pair should continue even higher. On its way upwards, the key lines to look for include 107.500, 107.890 and 108.502. A break above this line will propel the price even higher with the next ideal take profit being 110.00. On the other side, should the price break below 106.748, then I;ll expect a decline towards 104.740, a break below this level will push the price even further to the lowerside towards 100.00.

Trade Recommendation

Buy USDJPY from 106.748 towards 108.502.

Imelda Maseno
Analyst of «FreshForex» company
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