18 November 2019, USD/JPY
Technical Observation
USDJPY is in an active up trend. While the price is held above the Alligator trend indicator attached, I expect further momentum to the upperside and should breakout above 109.25. A break above this level could push the price even higher with the next ideal take profit being 110.00. On this chart, in case the price ends up closing below the three moving averages above, I expect a possible rally to the lowerside with the next ideal take profit being 108.25 and could breakout even lower towards 107.
Trade Recommendations:
Buy USDJPY with your take proft at 110.00.