Buy a break above last week's highest high. | 13 December 2019
13 December 2019, USD/JPY
Technical Observation
Yesterday, USDJPY moved significantly to the upper side and is still bullish both on the daily and on the weekly charts. Following the bounce from the weekly support 107.95, we choose to remain long, we expecting price to proceed even higher towards the upper trendline but should not breakout any higher. On this chart, should the price break above the recent highest high, then this will give us a good place to pick a long term buy order. Alternatively, the price could pullback towards 107.95 to pick a low risk buy order.
Trade Recommendations:
Buy a break above last week's highest high.
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.
