Wait and rebuy USDJPY from 107.073. | 10 September 2019

10 September 2019, USD/JPY

Wait and rebuy USDJPY from 107.073.

Technical Observation

Yesterday, USDJPY rose above 107.073 and is still rallying above this level, while the price is contained above these three Moving averages, I'm expecting a possible momentum to the upperside with an ideal take profit at 110.00 and could breakout even higher. And on the flip side, should the price breakout below 107.073, then this will be a good place to look for long term sell orders towards 106.225. On its way downwards, the key lines to look for include 106.905, 106.640 and 106.505.

Trade Recommendations:

Wait and rebuy USDJPY from 107.073.

Imelda Maseno
Analyst of «FreshForex» company
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