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Wait for a buy from around 108.27.

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
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