Buy a bounce from 105.743 | 09 August 2019
09 August 2019, USD/JPY
Technical Observation
On this chart, the most important level is the -127.2 Fib level, this is a very good 4 hour support level and as long as the price remains above it, we're only interested in buying a bounce from it. Basically, this is also a daily level and a break below it, will mean we're looking for long term sell order towards 100.25 or even lower. A retracement back towards 106.507 may attract a good sell with an ultimate target at 105.743. The levels to look for in this chart include 106.507, 107.170, and 107.580.
Trade Recommendations:
Buy a bounce from 105.743
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.
