Buy a bounce from 109.28 with your take profit at 110.00. | 28 November 2019
28 November 2019, USD/JPY
Technical Observation
According to both the MACD oscillator and the Moving average attached, USDJPY is in an active up trend. While the price is contained above the Moving Average above, and price is above the daily high 109.28, we expect a possible momentum to the upperside and should breakout above 109.57 towards 110.00 or even higher. On the other side, if the price pulls back to the lowerside, then we'll expect a possible break below 109.28 to pick a long term sell towards 50.0% fib level and may extend even lower.
Trade Recommendations:
Buy a bounce from 109.28 with your take profit at 110.00.
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.
