Buy USD from 103.66. | 15 December 2020
15 December 2020, USD/JPY
Technical observation
There is a wider range on this chart, 103.66-104.73. While the price is contained between these two levels. I will be looking for a buy from the lower level 103.66 and sell from the upper level 104.73. Other than these two levels, then other levels to look for include 104.53, 104.28 and 103.96. A break and close below 103.94 will be a significant sell. At this point in time, I am on the sidelines, I am waiting for a rebound from the lower level of the wider range to pick a low risk buy order with my tp at 104.73.
Trade Recommendations:
Buy USD from 103.66.
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.
