Buy a break above 108.403 with your first take profit at 110.00. | 15 October 2019

15 October 2019, USD/JPY

Buy a break above 108.403 with your first take profit at 110.00.

Technical Observation

Last week, USDJPY rose massively and is still showing signs of continuing to the upperside. While the price remains above the two Simple Moving averages, I expect further momentum to the upperside and should break above 108.403 towards 110.00 or even higher. On the 4 hours chart attached, I'm waiting for a clear breakout above 108.403 to confirm a possible momentum to the upperside. And should price bounce from 108.403, then this will give us the best place to consider sell order.

Trade Recommendations:

Buy a break above 108.403 with your first take profit at 110.00.

Imelda Maseno
Analyst of «FreshForex» company
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