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Buy USDJPY towards 110.12.

Buy USDJPY towards 110.12. | 12 September 2019

12 September 2019, USD/JPY

Technical Observation

USDJPY is still in an active up trend. While the price is contained above the two moving averages, We're looking for low risk buy orders towards 110.10. On this chart, selling, or holding onto a sell position may not be the best option, rather, we're looking for buy orders. On its way to the upper side, the key lines to look for include 107.857, 108.01, and 108.24. If these levels are broken, then further momentum towards 110.00 is expected. On this chart, only a break below 107.450 may attract a sell.

Trade Recommendations:

Buy USDJPY towards 110.12.

Imelda Maseno
Analyst of «FreshForex» company
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