Wait and buy a bounce from 107.716. | 30 September 2019
30 September 2019, USD/JPY
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!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.
