Wait | 17 October 2019

17 October 2019, USD/JPY

Wait

Technical Observation

USDJPY is still holding onto the previous up trend. As I stated yesterday, while the price is contained above the two Simple moving average, I expect further momentum to the upperside, the idea is to wait for minor retracements to the lower side to pick low risk buy orders.But, in case the price goes below 108.403, then this will be a good place to look for a low risk sell order with targets around 107.910, 107.365 and 106.960. If these levels are broken, then further momentum to the lowerside is expected.

Trade Recommendations:

Wait.

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