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Buy USDJPY with your take profit at 110.00.

Buy USDJPY with your take profit at 110.00. | 10 October 2019

10 October 2019, USD/JPY

Buy USDJPY with your take profit at 110.00.

Technical Observation

USDJPY is in an active up trend. While the price is contained above the Alligator trend indicator attached, we expect further momentum to the upperside and should break above today's highest high towards 112.20. On its way to the upperside, the key levels to look for include 107.785, 108.00, 109.21 and 110.00, should price successfully break above these levels, then further momentum to the upper side is expected, but should not go above 114.00. On this chart, only buy positions looks ideal and can be recommended.

Trade Recommendations:

Buy USDJPY with your take profit at 110.00.

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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