Wait for a possible sell around 106.690. | 23 August 2019
23 August 2019, USD/JPY
Technical Observation
For almost an entire week, the USDJPY has remained contained within the 50.0% fib level, 106.067 and the 100.0% fib level, 107.087. During this week and possibly part of next week, I expect this pair to remain within this range, not going above 107.087 and below 106.067. Currently the price is slightly above 106.606 which is a key resistance level. I expect this place to be a good sell place but should price break above it, then I expect further momentum further to the upside towards 107.087.
Trade Recommendations:
Wait for a possible sell around 106.690.
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.
