Wait for a low risk sell order with your take profit at 106.480. | 24 September 2019
24 September 2019, USD/JPY
Technical Observation
USDJPY failed to rise up to the Untested Resistance are 109.015-109.525 and is still rallying below this zone. While the price is contained below this zone, I'm expecting a steep decline towards the verified resistance zone 105.460-103.93. On its way downwards, the key lines to look for include 106.990, 106.480 and 105.460. If the price goes below these levels especially the last level, 105.460, then this will be a confirmation that we're continuing to the lower side with the next ideal take profit at 103.930.
Trade Recommendations:
Wait for a low risk sell order with your take profit at 106.480.
TRADE METALS WITHOUT SWAPS!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.
