Sell USDJPY from 105.750 | 05 October 2020
05 October 2020, USD/JPY
Technical Observation
USDJPY_e is currently rallying around 105.342. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend . USDJPY_e is currently in a range, not going above the previous day's highest high 105.53,or the previous day's lowest low 105.204 . If the price breaks above 105.53 then we will consider a long term buy with our target at 101.455. And on the flipside, a sustained move below 105.53 will attract sellers with an ideal target around 98.97.
Trade Recommendations:
Sell USDJPY from 105.750
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.
