Buy USDJPY from 108.403. | 16 October 2019

16 October 2019, USD/JPY

Buy USDJPY from 108.403.

Inline with the other day;s analysis, Usdjpy is still in an active up trend. While the price is contained above the two simple moving averages, our recommendations is that you should be looking for low risk buy orders. Yesterday, USDJPY even went above the 4 hours resistance level 108.403. This is a good level, and while the price sustains the break above it, buy positions looks ideal and can safely be recommended from the same level, 108.403, towards 110.00 and may extend even higher.

Trade Recommendations:

Buy USDJPY from 108.403.

Imelda Maseno
Analyst of «FreshForex» company
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