Buy a break above 108.733. | 05 November 2019

05 November 2019, USD/JPY

Buy a break above 108.733.

Technical Observation

According to the weekly chart attached, USDJPY bounced off from a very significant weekly support level 106.666, we expect a rally towards 114.081 but unfortunately, USDJPY is currently around a key hurdle 108.733, while the price is not able to breakout above this level, we're waiting for a clear bounce sign to pick a sell, but should the price breakout above 108.733, then this will be a good confirmation that we are continuing to the upper side with the next ideal take profit at 114.081.

Trade Recommendations:

Buy a break above 108.733.

Imelda Maseno
Analyst of «FreshForex» company
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