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Wait and buy a bounce from 107.716.

Wait and buy a bounce from 107.716. | 30 September 2019

30 September 2019, USD/JPY

Wait and buy a bounce from 107.716.

Technical Observation

USDJPY is within a wider range, below the Daily High 108.475, and above the Daily Low 106.958. While the price is rallying within this range, I'm waiting for a bounce from either the lines, 106.958 or 108.475 to pick a trade. Basically, on ther chart, I'm looking at the following levels for possible trades 108.958, 107.318, 107.537, 107.718, 107.836 and 108.117. On this chart, I;m waiting for a pullback towards the 50.0% fib level to pick a long term buy towards the level 108.475 and could breakout even higher.

Trade Recommendations:

Wait and buy a bounce from 107.716.

TRADE METALS WITHOUT SWAPS!
Imelda Maseno
Analyst of «FreshForex» company
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