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Buy a break above 109.66.

Buy a break above 109.66. | 19 December 2019

19 December 2019, USD/JPY

Buy a break above 109.66.

Technical Observation

As expected, USDJPY rose slightly to the upper side but could not break beyond the daily high 109.66. This is a key level and while the price is not able to clearly break above this level, I'm waiting for a possible bounce from it to pick a possible sell. As it is on this chart, I'm waiting for a clear break above 109.66 to confirm a possible continuation to the upper side and could break above 110.00 or even higher. But in case the price breaks below the Alligator trend indicator, then we expect a sell towards 108.52-108.11.

Trade Recommendations:

Buy a break above 109.66.

Imelda Maseno
Analyst of «FreshForex» company
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