Sell USDJPY from 108.259 with your take profit at 107.535. | 18 September 2019
18 September 2019, USD/JPY
Technical Observation
For somedays now, USDJPY has been in an active up trend. However, recently this pair established a significant resistance zone around 108.259-108.237, while the price is contained below this zone, we're expecting a possible bounce from it to pick a long term sell order towards 107.535. On its way to the lowerside, the key levels to look for include 108.055, 107.925, 107.665 and 107.535, if these levels are broken, then a momentum towards last month's lowest low is expected around 105.021.
Trade Recommendations:
Sell USDJPY from 108.259 with your take profit at 107.535.
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.
