Sell a break below 108.40. | 12 December 2019
12 December 2019, USD/JPY
Technical Observation
Not much happening on this pair, since the beginning of this week, USDJPY has remained held above the supportive trend but is yet to make a significant retracement, I'm expect a possible 50.0% fib retracement that could see price pullback upwards towards 109.15. On the other side, should the price break and close below the daily low 108.40, then we expect a steep momentum towards 107.90. On its way to the lower side, the key lines to look for include 108.15, 108.00 and 107.90. If these lines are broken, then a momentum towards 106.90 is expected.
Trade Recommendations:
Sell a break below 108.40.
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.
