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Buy USDJPY towards 109.50.

Buy USDJPY towards 109.50. | 27 November 2019

27 November 2019, USD/JPY

Buy USDJPY towards 109.50.

Technical Observation

After breaking above 23.6%, USDJPY continued to the upper side and is still very mush bullish both on the daily and on the weekly charts. While the price is contained above 23.6% fib level, I expect a possible momentum towards 109.50. A breakout above this level could push the price even higher toward s 110.00 or even higher. On this chart, only buy positions looks ideal, but in case the price breaks and closes below 100.80, then this will give us an ideal place to pick a sell.

Trade Recommendations:

Buy USDJPY towards 109.50.

Imelda Maseno
Analyst of «FreshForex» company
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