Sell a break below 108.43. | 10 December 2019
10 December 2019, USD/JPY
Technical Observation
Yesterday, USDJPY bounced off from the swing low 108.43 and could not break any lower. While the price is held above this line, I expect a possible momentum to the upperside, this upwards rally is a retracement rally and could see price rally upwards towards 61.8% fib level. On its way to the upperside, the key levels to look for include 108.73, 108.92 and 109.08. But on the other side, in case the price breaks and closes below 108.43, then I will expect a possible momentum towards 108.08.
Trade Recommendations:
Sell a break below 108.43.
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.
