Sell USDJPY from 105.750 | 05 October 2020

05 October 2020, USD/JPY

Technical Observation

USDJPY_e is currently rallying around 105.342. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend . USDJPY_e is currently in a range, not going above the previous day's highest high 105.53,or the previous day's lowest low 105.204 . If the price breaks above 105.53 then we will consider a long term buy with our target at 101.455. And on the flipside, a sustained move below 105.53 will attract sellers with an ideal target around 98.97.
Trade Recommendations:
Sell USDJPY from 105.750

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus