29 October 2019, USD/JPY
Technical Observation
USDJPY continues to move to the upper side but is still several pips away from our target set at the daily high 108.928. This is a key level and while the price is not able to clearly breakout above it, I choose to remain flat, My exp[expectation is that the price should continue to the upper side and even breakout above 108.928, or the price should bounce off from this resistance so that I pick a sell. If your are looking at this chart, a bounce from 108.928 may attract a good sell towards 50.0% fib level and could push the price even lower.
Trade Recommendations:
Wait