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Buy a retracement from 107.450.

Buy a retracement from 107.450. | 11 Septiembre 2019

11 Septiembre 2019, USD/JPY

Technical Observation

USDJPY is currently in an active up trend. While the price is contained above the two moving averages, I highly recommend looking for buy positions. The best time to enter trades on this pair is to wait for retracements then pick low risk buy orders towards 110.01. A retracement back towards 107.450 will offer a good low risk place to buy from. On this chart, sell positions looks more risk and may not be recommended especially while the price is contained above the two Moving averages.

Trade Recommendations:

Buy a retracement from 107.450.

Imelda Maseno
Analyst of «FreshForex» company
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