Buy USDJPY with your take profit at 110.01. | 17 September 2019

17 September 2019, USD/JPY

Rebuy USDJPY from 106.825 with your target at 108.220.

Technical Observation

USDJPY is in an active up trend. While the price is contained above the three lines acting as the components of the trend indicator attached, I'm expecting further momentum to the upperside and could extend even up to 114.12 in the long run. On this chart, the key lines to focus on include 108.10, 110.10, 114.214 and 118.21. If these levels are broken, then further momentum towards 121.120 or even higher. Only in case the price breaks below 105.164 that I will consider a sell order towards 104.595.

Trade Recommendations:

Buy USDJPY with your take profit at 110.01.

Imelda Maseno
Analyst of «FreshForex» company
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