Sell USDJPY with your take profit at 105.575. | 02 January 2020
02 January 2020, USD/JPY
Technical Observation
Few days ago, USDJPY rallied to the lowerside and could break below the supportive trendline,. While the price is contained below the supportive trendline, we recommend looking for long term sell orders towards 105.575, on its way to the lowerside, the key levels to look for include 108.155, 107.510 106.220 and 106.575. . As it is on this chart, only sell positions looks ideal and can safely be recommended. But should the price break above the same trendlline to the upperside, then this will give us an ideal place to consider a buy.
Trade Recommendations:
Sell USDJPY with your take profit at 105.575.
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.
