Buy a break above 108.733. | 05 November 2019
05 November 2019, USD/JPY
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.
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.
