Buy a break above 108.755 towards 110.00 | 26 July 2019
26 July 2019, USD/JPY
Technical Observation
USDJPY is currently trading with an increasing bullish bias momentum. While the price is above the two simple moving averages, I expect a possible momentum to the upperside, we took a buy trade around the previous day's lowest low and is still holding, our expectations is that the price should proceed even higher. If you're not in any trade at the moment, you should wait for a break above the previous day's highest high to pick a long term buy towards 110.00 or even higher towards 110.00.
Trade Recommendations:
Buy a break above 108.755 towards 110.00
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
