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Sell USDJPY from 107.474.

Sell USDJPY from 107.474. | 07 October 2019

07 October 2019, USD/JPY

Technical Observation

Last week, USDJPY declined intensely and is still very much bearish both on hourly chart attached. While the price is contained below the 50.0% fib level, I recommend looking for long term sell orders. On the hourly chart attached, I'm expecting a break below the daily low of 106.480 to pick a long term sell order towards 105.10 and could breakout even lower. On this chart, a retracementb back towards either 61.8% fib level, 107.239, or 50.0% fib level, 107.475 will provide a good place to look for sell.

Trade Recommendations:

Sell USDJPY from 107.474.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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