Wait | 03 October 2019
03 October 2019, USD/JPY
technical Observation
Earlier today, USDJPY failed to break below the daily low 106.958, instead it bounced off from this level and is now heading to the upper side. We expect this upward rally to be a mere retracement rally and should break above 76.4% fib level towards 50.0% fib level, 107.716. On this chart, the best place to sell USDJPY is from 107.716, or if the price breaks below 106.958, If price goes below 106.958, then this will be a good place to pick a low risk sell order with an ideal take profit at 105.12.
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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.
