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Buy USD from 103.66.

Buy USD from 103.66. | 15 December 2020

15 December 2020, USD/JPY

We're flat

Technical observation

There is a wider range on this chart, 103.66-104.73. While the price is contained between these two levels. I will be looking for a buy from the lower level 103.66 and sell from the upper level 104.73. Other than these two levels, then other levels to look for include 104.53, 104.28 and 103.96. A break and close below 103.94 will be a significant sell. At this point in time, I am on the sidelines, I am waiting for a rebound from the lower level of the wider range to pick a low risk buy order with my tp at 104.73.

Trade Recommendations:

Buy USD from 103.66.

Imelda Maseno
Analyst of «FreshForex» company
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