Wait for a low risk sell from 106.885. | 27 August 2019

27 August 2019, USD/JPY

Technical Observation

On this chart, a Proven resistance can be seen around 106.700-107.075. This level has been tested 13 times in a raw which means, should price get back to it then this will be a good place to look for a good long term sell towards the untested support zone marked 104.640-104.450. A breakout above 106.885, will act as an ideal place to look for long term buy orders towards 110.00. On the other side, a breakout below the untested support level 104.450 will push the price massively to the lower side.

Trade Recommendations:

Wait for a low risk sell from 106.885.

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