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Remain with buyers towards 110.215.

Remain with buyers towards 110.215. | 06 Septiembre 2019

06 Septiembre 2019, USD/JPY

Technical Observation

Since 4 September, USDJPY has remained above the Alligator trend indicator. Since the price broke above 106.635, we've seen price continue massively to the upperside. While the price remains above the three Moving averages forming parts of the trend indicator, we're looking for buy orders towards 110.23. If the price can pullback perfectly towards the level 106.635, then this will be a good place to pick buy orders with a take profit at 107.150 and the next at 110.21. A break below 106.635 will push the price lower.

Trade Recommendations:

Remain with buyers towards 110.215.

Imelda Maseno
Analyst of «FreshForex» company
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