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Sell USDJPY with your take profit at 105.575.

Sell USDJPY with your take profit at 105.575. | 02 January 2020

02 January 2020, USD/JPY

Sell USDJPY with your take profit at 105.575.

Technical Observation

Few days ago, USDJPY rallied to the lowerside and could break below the supportive trendline,. While the price is contained below the supportive trendline, we recommend looking for long term sell orders towards 105.575, on its way to the lowerside, the key levels to look for include 108.155, 107.510 106.220 and 106.575. . As it is on this chart, only sell positions looks ideal and can safely be recommended. But should the price break above the same trendlline to the upperside, then this will give us an ideal place to consider a buy.

Trade Recommendations:

Sell USDJPY with your take profit at 105.575.

Imelda Maseno
Analyst of «FreshForex» company
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