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Wait for a rebuy from 108.441.

Wait for a rebuy from 108.441. | 14 November 2019

14 November 2019, USD/JPY

Wait for a rebuy from 108.441.

Technical Observation

Just as I stated in the previous day's forecast, USDJPY is still pulling back to the lowerside but is still a few pips above the weekly support level 108.441. The level 108.441 is a significant level and we expect price to pullback perfectly to it so that we pick a long term buy order towards 114.222. On its way to the upperside, the key levels to focus on include 111.060, 112.680 and 114.222. Should price break and close above the last target 114.222, then we will expect a steep move even higher towards 117.963.

Trade Recommendations:

Wait for a rebuy from 108.441.

TRADE FUEL WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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