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Buy a break above 106.108.

Buy a break above 106.108. | 20 August 2020

20 August 2020, USD/JPY

Buy a break above 106.108.

Technical Analysis

USDJPY is currently rallying around 106.098. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . USDJPY_e is currently in a range, not going above the previous day's highest high 106.15,or the previous day's lowest low 105.1. If the price breaks above 106.15 then we will consider a long term buy with our target at 101.455. And on the flipside, a sustained move below 106.15 will attract sellers with an ideal target around 98.9749.

Trade Recommendations:

Buy a break above 106.108.

Imelda Maseno
Analyst of «FreshForex» company
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