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Rebuy USDJPY from 109.28.

Rebuy USDJPY from 109.28. | 29 November 2019

29 November 2019, USD/JPY

Technical Observation

USDJPY is in an active up trend. The pair rallied massively to the upperside and even hit the 127.2% fib level but could not break above it. According to the MACD indicator attached, we're likely to a possible retracmement towards the lowerside but should not go beyond 109.28. But in case the price break below this level, then further momentum to the lowerside is expected. According to the Moving average attached, we expect further momentum to the upperside and should break above 109.57 towards 110.00.

Trade Recommendations:

Rebuy USDJPY from 109.28.

Imelda Maseno
Analyst of «FreshForex» company
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