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Look for a low risk sell with your take profit at 105.250.

Look for a low risk sell with your take profit at 105.250. | 19 November 2019

19 November 2019, USD/JPY

Look for a low risk sell with your take profit at 105.250.

Tebhnical Observation

After breaking below the zone 109.239-108.520, the USDJPY continued to the lowerside= but just pulled back to the same zone few days, while the price is not able to clearly break and close above 109.239, we're waiting for low risk sell orders with an ideal take profit at 105.250. On its way to the lowerside, the key levels to look for include 107.645, 106.535 and 105.965. If these levels are broken, then further momentum to the lower side is expected with an ideal take profit at 100.00.

Trade Recommendations:

Look for a low risk sell with your take profit at 105.250.

Imelda Maseno
Analyst of «FreshForex» company
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