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Buy USDJPY from 107.47.

Buy USDJPY from 107.47. | 11 October 2019

11 October 2019, GBP/USD

Technical Observation

Just as we mention in the previous forecast, USDJPY rallied to the upper side and even went above the 50.0% fib level, 107.47. The close above this level is a clear sign that we're continuing to the upperside, therefore. While the price is still contained above the 50.0% fib level, we recommend looking for long term buy orders and should breakout above the daily high, 108.46 towards 110.00. On this chart, only if the price can break below the 50.0% fib level, 107.47, that I'll be focusing on a long term sell.

Trade Recommendations:

Buy USDJPY from 107.47.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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