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Waiting for low risk buy signal.

Waiting for low risk buy signal. | 26 Septiembre 2019

26 Septiembre 2019, USD/JPY

Waiting for low risk buy signal.

Technical Observation

After spiking to the lowerside, USDJPY pulled back upwards and is now rallying above the alligator trend indicator, While the price is contained above this indicator, I'm expecting a possible momentum to the upperside towards 108.480. In case of a break above this level, then further momentum to the upperside is expected with an ultimate take profit being at 110.00. And in case the price bounces off from 108.480, then this will be a good place to consider a low risk sell order with an ideal take profit at 107.190.

Trade Recommendations:

Waiting for low risk buy signal.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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