Buy USDJPY from 108.117. with your take profit at 108.475. | 01 October 2019
01 October 2019, USD/JPY
Technical Observation
Yesterday, USDJPY Went above the 23.6% fib level, 108.117 and is still above this fib line. This pair is in an active up trend, therefore, I;m waiting for a retracement back towards 108.117 to buy USDJPY, and should price fail to bounce from this line and instead continues to the lowerside, then the best place to look for a buy from is around 38.0 % fib level or 50.0% fib level, 107.716. On this chart, buy positions looks ideal and can safely be recommended while the price is contained above 23.6% fib level.
Trade Recommendations:
Buy USDJPY from 108.117. with your take profit at 108.475.
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.
