Rebuy USDJPY from 104.465 | 06 August 2019
06 August 2019, USD/JPY
Technical Observation
USDJPY is currently trading around a verified weekly support zone 104.465-108.00. This is a verified support and has been tested once in the past. While this zone protects the price from violating the lowerside, we're looking for low risk buy positions from around 104.465. Conservative traders should expect a plunge towards the just stated level to pick a sell, and in case the price breaks below it, then further momentum to the lowerside is expect with an ideal take profit being at 99.740.
Trade Signal.
Rebuy USDJPY from 104.465
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.
