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Look for short term buy orders towards 109.217.

Look for short term buy orders towards 109.217. | 07 June 2019

07 June 2019, USD/JPY

Look for short term buy orders towards 109.217.

Technical Observation:

USDJPY is in an active downtrend. Currently the price is pulling back upwards in form of a bearish flag. I expect price to continue pulling back to the upper side but should not go beyond the level 109.217-109.133 where I'll be looking for sell orders. As it is on the 4 hour chart, I recommend you look for short term buy orders towards 109.217, which is also a good sell place. But in case of a decline below 107.990, then this will be a good place to pick a sell position towards 107.22 and may head lower to 100.

Trade Signal

Look for short term buy orders towards 109.217.

Imelda Maseno
Analyst of «FreshForex» company
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