Look for buy positions towards 110.110. | 19 September 2019
19 September 2019, USD/JPY
Technical Observation:
USDJPY is in an active up trend both on the 4 hours and on the daily charts. While the price is contained above the three moving averages acting as the components of the alligator trend indicator attached, I recommend looking for low risk buy orders towards 110.00 an could breakout even higher. In case the price successfully closes below the blue lines for the second time, then we'll wait for a break below 107.050 to pick a long term sell order with an ultimate target at 105.700.
Trade Recommendations:
Look for buy positions towards 110.110.
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.
