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Rebuy USDJPY from, 107.239.

Rebuy USDJPY from, 107.239. | 08 October 2019

08 October 2019, USD/JPY

Rebuy USDJPY from, 107.239.

Technical Observation

Yesterday, USDJPY rallied to the upperside and even went above 61.8% fib level, 107.239 but could not rise above the 50.0% fib level. I;m expecting break above this level 107.474 to pick a long term buy order towards the daily high, of 108.467. On its way upwards the key lines to look for include 107.4, 107.708, 107.998 and 108.305. If these lines are broken, then further momentum even higher is expected towards 110.00. While the price is above the moving average above, I recommend only buy orders.

Trade Recommendations:

Rebuy USDJPY from, 107.239.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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