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Sell USDJPY from 50.0% fib level.

Sell USDJPY from 50.0% fib level. | 09 October 2019

09 October 2019, USD/JPY

Technical Observation

USDJPY is currently within the daily low, 106.47 and 50.0% fib level 107.47. While the price is contained within this range, I'm only interested in trading reversals. O the hourly chart attached, I'm waiting for a bounce from the 50.0% fib level to pick a low risk sell order with my take profits levels at 107.23, 106.94 and 106.47. And should the price break below 106.45, then this will mean we're looking for long term sell order towards 105.10 or even lower. A break above 107.47, could push the price to the upperside.

Trade Recommendations:

Sell USDJPY from 50.0% fib level.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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