Resell USDJPY from 107.414. | 25 September 2019
25 September 2019, USD/JPY
Technical Observation
As we forecasted in the previous forecast, USDJPY rallied intensely to the lowerside and now below the 61.8% Fib level, 107.414, while the price remains below this level, I'm expecting a possible continuation of the current downtrend towards 76.4 fib level, 107.163. This view is only true while the price is still being held below 61.8%, should the price break above 107.41, then this may push the price to the upperside with the next ideal take profit at 107.617, a break above will push the price higher towards 107.819.
Trade Recommendations:
Resell USDJPY from 107.414.
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.
