Wait | 17 December 2019
17 December 2019, USD/JPY
Technical Observation
Since 6th of December until now, USDJPY has been in an active up trend. The pair rallied significantly to the upper side and even established a swing high around 109.72. This is a key level and while the price is not able to clearly break and close above it, we choose to remain on the side lines, we are waiting for a clear breakout above this level to confirm a possible continuation to the upper side with an ideal take profit at 110.00. ON the lower side, the key lines to focus on include 19.41, 109.22, and 107.07.
Trade Recommendations:
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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.
