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Buy a break above 109.43.

Buy a break above 109.43. | 23 December 2019

23 December 2019, USD/JPY

Buy a break above 109.43.

Technical Observation:

Last week, we took a buy following the bounce from the weekly support level 108.58 and is still showing, our expectations is that the price should continue to the upper side and should break above 108.43 towards 114.00 or even higher. This view will only be invalidated in case the price breaks and close below 108.58, then we’ll wait for a break below 108.17 to confirm that we are continuing to the lowerside with an ideal take profit at 105.40. On its way to the lower side, the key levels to look for include 107.75, and 106.55.
Trade Recommendations:
Buy a break above 109.43.
Imelda Maseno
Analyst of «FreshForex» company
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