Wait for a low risk sell order with your take profit at 106.480. | 24 September 2019

24 September 2019, USD/JPY

Wait for a low risk sell order with your take profit at 106.480.

Technical Observation

USDJPY failed to rise up to the Untested Resistance are 109.015-109.525 and is still rallying below this zone. While the price is contained below this zone, I'm expecting a steep decline towards the verified resistance zone 105.460-103.93. On its way downwards, the key lines to look for include 106.990, 106.480 and 105.460. If the price goes below these levels especially the last level, 105.460, then this will be a confirmation that we're continuing to the lower side with the next ideal take profit at 103.930.

Trade Recommendations:

Wait for a low risk sell order with your take profit at 106.480.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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