Buy USDJPY around the supportive trendline with your take profit at 110.00. | 05 December 2019

05 December 2019, USD/JPY

Buy USDJPY around the supportive trendline with your take profit at 110.00.

Technical Observation

USDJPY is currently in an active up trend. The fact that the price rallied to the lowersdie but could not break below the supportive trendline is a clear sign that we are still possibly buyers. Which means, we expect a possible momentum upwards towards the upper trendline and could breakout even higher. If you're looking at this chart now, we recommend looking for low risk buy orders while the price is contained above the trend indicator and the supportive trendline, if the price breaks below these two, the trend indicator and also the supportive trendline, then a momentum towards 105 00 is expected.

Trade Recommendations:

Buy USDJPY around the supportive trendline with your take profit at 110.00.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus