Buy USDJPY towards 109.50. | 27 November 2019
27 November 2019, USD/JPY
Technical Observation
After breaking above 23.6%, USDJPY continued to the upper side and is still very mush bullish both on the daily and on the weekly charts. While the price is contained above 23.6% fib level, I expect a possible momentum towards 109.50. A breakout above this level could push the price even higher toward s 110.00 or even higher. On this chart, only buy positions looks ideal, but in case the price breaks and closes below 100.80, then this will give us an ideal place to pick a sell.
Trade Recommendations:
Buy USDJPY towards 109.50.
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.
