Buy a break above 108.755 towards 110.00 | 26 Juli 2019

26 Juli 2019, USD/JPY

Buy a break above 108.755 towards 110.00

Technical Observation

USDJPY is currently trading with an increasing bullish bias momentum. While the price is above the two simple moving averages, I expect a possible momentum to the upperside, we took a buy trade around the previous day's lowest low and is still holding, our expectations is that the price should proceed even higher. If you're not in any trade at the moment, you should wait for a break above the previous day's highest high to pick a long term buy towards 110.00 or even higher towards 110.00.

Trade Recommendations:

Buy a break above 108.755 towards 110.00

Imelda Maseno
Analyst of «FreshForex» company
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