Sell USDJPY below 107.85. | 11 Juli 2019

11 Juli 2019, USD/JPY

Sell USDJPY below 107.85.

Technical Observation

The USDJPY is currently retracing but to the upper side. While the price is contained below the level 108.34, I expect a possible momentum even further to the lowerside, the idea is to wait for current pullback to the upperside is a mere retracement but should not rise beyond the level mentioned above. The best place to sell this pair is if it can breakout below 107.85, this will be the best place to pick a sell order with the next ideal take profit being 105.00 but could extend even lower.

Trade Signal.

Sell USDJPY below 107.85.

Imelda Maseno
Analyst of «FreshForex» company
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