Buy a break above 109.66. | 19 December 2019
19 December 2019, USD/JPY
Technical Observation
As expected, USDJPY rose slightly to the upper side but could not break beyond the daily high 109.66. This is a key level and while the price is not able to clearly break above this level, I'm waiting for a possible bounce from it to pick a possible sell. As it is on this chart, I'm waiting for a clear break above 109.66 to confirm a possible continuation to the upper side and could break above 110.00 or even higher. But in case the price breaks below the Alligator trend indicator, then we expect a sell towards 108.52-108.11.
Trade Recommendations:
Buy a break above 109.66.
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.
