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Buy USDJPY with your take profit at 112.75.

Buy USDJPY with your take profit at 112.75. | 02 December 2019

02 December 2019, USD/JPY

Buy USDJPY with your take profit at 112.75.

Technical Observation

USDJPY is currently in an active up trend. Just as in EURUSD and GBPUSD, while the price is contained above the supportive trendline attached, we expect further momentum to the upperside and should break above 110.50 towards 112.75. a break above this level could push the price massively to the upperside with an ideal take profit. On the daily chart attached, only buy positions looks ideal and can be recommended. But in case the price breaks and closes below the supportive dynamic support, then a rally towards 105.15 is expected.

Trade Recommendations:

Buy USDJPY with your take profit at 112.75.

Imelda Maseno
Analyst of «FreshForex» company
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