Buy a bounce from 105.570. | 28 August 2019
28 August 2019, USD/JPY
Technical Observation
the USDJPY is currently trading within two verified key levels. We're seeing a verified support around 105.570 and a verified resistance at 106.220. These are two key levels and while the price remains within them, we're looking for reversals to pick a buy in case of a bounce from 105.570 and sell in case of a bounce from 106.220. A break above 106.220 will culminate into further move to the upperside, while a break below 105.570 will push the price steeply to the lowerside towards the weak support marked 105.180.
Trade Recommendations:
Buy a bounce from 105.570.
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.
