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Expect a temporiry sell towards 106.66.

Expect a temporiry sell towards 106.66. | 04 November 2019

04 November 2019, USD/JPY

Technical Observation

USDJPY is currently trading within a key zone 106.666 and 114.081. These two, 106.666, and 114.081 are key levels and while the price is not able to clearly break either above 114.081 or below 106.666, we're waiting for a bounce from the upper level 114.081 to pick a sell or a bounce from 106.66 to pick a buy towards the upper level. However, in case the price breaks below 106.666, then this could push the price to the lowerside towards 100.787 and could break even lower towards 94.081.

Trade recommendations:

Expect a temporary sell towards 106.66.

Imelda Maseno
Analyst of «FreshForex» company
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