Buy USDJPY from 106.748 towards 108.502. | 09 September 2019
09 September 2019, USD/JPY
Technical Observation
USDJPY is in an active up trend. Following the break above 106.748-106.676, this pair should continue even higher. On its way upwards, the key lines to look for include 107.500, 107.890 and 108.502. A break above this line will propel the price even higher with the next ideal take profit being 110.00. On the other side, should the price break below 106.748, then I;ll expect a decline towards 104.740, a break below this level will push the price even further to the lowerside towards 100.00.
Trade Recommendation
Buy USDJPY from 106.748 towards 108.502.
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.
