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Wait | 31 December 2019

31 December 2019, USD/JPY

Technical Observation

Yesterday, USDJPY moved massively to the lower side and is current around the save place we took a buy from few day's ago, while the price is not able to clearly break and close below 108.441, we choose to remain on the sidelines, our expectation is that the price should continue to the upper side after a bounce from 108.441, if this is the case, then a momentum to the upper side is expected towards 110.00 and could breakout higher. If you're looking for a trade on this chart, its better to remain flat and wait for either a break below 108.441 to pick a sell or a bounce from it to pick a buy.

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Imelda Maseno
Analyst of «FreshForex» company
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