Wait | 01 November 2019
01 November 2019, USD/JPY
Technical Observation:
After establishing a swing high around 108.275, USDJPY corrected itself to the lowerside and is currently around the 50.0% fib level. This is a good level, and in case the price does not clearly break below it, we'll expect a bounce from it to pick a long term buy order towards 108.275. On its way to the upperside, the key levels to look for include 108.270, 108.700 and 109.275. If these levels are broken , then a momentum towards 110.10 or even higher to 114.00 is expected. we will only consider a sell below 107.840.
Trade Recommendations:
Wait.
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.
