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Sell a retracement back towards the 50.0% fib level.

Sell a retracement back towards the 50.0% fib level. | 02 Octubre 2019

02 Octubre 2019, USD/JPY

Sell a retracement back towards the 50.0% fib level.

Technical Obserservation

Yesterday, USDJPY failed to break above the Daily high 108.475, pulled back massively to the lowerside and is now below the 50.0% fib level, 107.716, this is a possible sign that we are continuing to the lowerside. On that, the key levels to look for include 61.8% fib level, 107.537, 76.4% fib level, 107.316 and the daily low, 106.958. A break below the daily low could mean the price is continuing to the lowerside with an ideal take profit fixed as before around 105.120. On this chart, a sell from 107.716 looks much better.

Trade Recommendations:

Sell a retracement back towards the 50.0% fib level.

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