Sell a retracement back towards the 50.0% fib level. | 02 October 2019
02 October 2019, USD/JPY
Technical Obserservation
Yesterday, USDJPY failed to break above the Daily high 108.475, pulled back massively to the lowerside and is now below the 50.0% fib level, 107.716, this is a possible sign that we are continuing to the lowerside. On that, the key levels to look for include 61.8% fib level, 107.537, 76.4% fib level, 107.316 and the daily low, 106.958. A break below the daily low could mean the price is continuing to the lowerside with an ideal take profit fixed as before around 105.120. On this chart, a sell from 107.716 looks much better.
Trade Recommendations:
Sell a retracement back towards the 50.0% fib level.
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.
