17 September 2019, USD/JPY
Technical Observation
USDJPY is in an active up trend. While the price is contained above the three lines acting as the components of the trend indicator attached, I'm expecting further momentum to the upperside and could extend even up to 114.12 in the long run. On this chart, the key lines to focus on include 108.10, 110.10, 114.214 and 118.21. If these levels are broken, then further momentum towards 121.120 or even higher. Only in case the price breaks below 105.164 that I will consider a sell order towards 104.595.
Trade Recommendations:
Buy USDJPY with your take profit at 110.01.