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Buy USDJPY with your take profit at 109.640.

Buy USDJPY with your take profit at 109.640. | 25 November 2019

25 November 2019, USD/JPY

Buy USDJPY with your take profit at 109.640.

Technical Observation

According to the daily chart above, we are in an active up trend. While the price is contained above the trend moving average above, I expect further momentum to the upperside and should breakout above 109.640 towards 112.060 or even higher. As it is on this chart, only if the price can break and close below the supportive trendline that we will consider a long term sell order towards 105.250. On its way to the lowerside, the key levels to look for include 107.690, 106.710 and 106.220.

Trade Recommendations:

Buy USDJPY with your take profit at 109.640.

Imelda Maseno
Analyst of «FreshForex» company
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