Wait for a buy from around 108.27. | 06 December 2019

06 December 2019, USD/JPY

Technical Observation

According to the TDI indicator attached on the lower window, the yellow trendline is slowly sliding below the neutrality level 50.0. If the price continues to the lowerside and the indicator lines breaks below 32.0, then this will be an oversold level and could give a good buy place. As it is on the 4 hours chart attached, I'm waiting for a bounce from the daily low 108.27 to pick a low risk buy order. But in case the price breaks and closes below 108.27, then this will be a good place to look for a sell.

Trade Recommendations:

Wait for a buy from around 108.27.

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