Sell USDJPY from 108.613 with your take profit at 108.108.. | 18 October 2019
18 October 2019, USD/JPY
Technical Observation
Few days Ago, USDJPY attempted a break above the daily high 108.613 but could not sustain this break. Following the break below the daily high, I expect this pair to decline even lower. On its way to the lowerside, we'll be focusing on the following levels 108.108, 107.796, 107.543, if the price goes below the 50.0% fib level, I'll expect a possible momentum to the lowerside with an ultimate target at 106.473. On this chart, only sell positions looks ideal, but if the price breaks above 108.965, then we may consider a buy position.
Trade Recommendations:
Sell USDJPY from 108.613 with your take profit at 108.108..
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.
