Sell USDJPY with your take profit at 106.736. | 23 September 2019

23 September 2019, USD/JPY

Sell USDJPY with your take profit at 106.736.

Technical Observation

USDJPY is in an active downtrend. While the price is contained below the three simple moving averages acting as the components of the alligator trend indicator, I'm expecting a possible momentum to the lowerside with an ideal take profit at 106.736. On its way to the lowerside, the key lines to look for include 107.555, 107.290 and 106.738. If the price breaks below the lower line, then further bearish price rally is expected with the next ideal take profit at 105.201, On this chart, only sell positions look ideal and can be recommended.

Trade Recommendations:

Sell USDJPY with your take profit at 106.736.

Imelda Maseno
Analyst of «FreshForex» company
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