26 November 2019, USD/JPY
technical Observation
USDJPY is in an active up trend. Following the bounce from the daily support level 108.555-108.364, this pair has remain bullish. We expect further momentum to the upper side and should breakout above 109.490 towards 111.813. ON its way to the upperside the key levels to look for include 109.40, 110.540, 111.094 and 111.813. If the price breaks and closes above the last level, then further momentum even higher is expected. And on the other side, should the price break below 108.364, then we will consider a sell position.
Trade Recommendations:
Wait for a rebuy from 108.550.