Buy USDJPY from 107.610 with your take profit at 108.305. | 13 September 2019

13 September 2019, USD/JPY

Buy USDJPY from 107.610 with your take profit at 108.305.

Technical Observation

USDJPY is currently trading with an increasing bullish bias momentum. While the price is contained above the three lines acting as the components of the Alligator trend indicator, We're expect a surge even further to the upperside, the current bearish price rally is a possible correction and should not break below the dynamic supportive level. The idea is to wait for abuy from the level 107.610. As it is on the 4 hours chart, we may only consider a sell should the price break below the three lines.

Trade Recommendations:

Buy USDJPY from 107.610 with your take profit at 108.305.

Imelda Maseno
Analyst of «FreshForex» company
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