Place a pending sell limit order around 109.682. | 10 January 2020
10 January 2020, USD/JPY
Technical Observation
USDJPY is currently approaching a major daily high 110 9.582. This is also a very good resistance, and while the price does not clearly break above this level , this is a very good sell place so as it is now, the prices continue to the upper side, we expect further momentum to the other side and could break much higher, should the price successfully close beyond 109.682 then this will give us a clear indication that we are continuing to the upper side but on the other hand, while, the price does not break beyond 109.68. We have a pending sell limit around 109.682 with our stop loss above the highest price for the past weeks.
Trade Recommendations:
Place a pending sell limit order around 109.682.
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.
