27 November 2019, USD/JPY
Technical Observation
After breaking above 23.6%, USDJPY continued to the upper side and is still very mush bullish both on the daily and on the weekly charts. While the price is contained above 23.6% fib level, I expect a possible momentum towards 109.50. A breakout above this level could push the price even higher toward s 110.00 or even higher. On this chart, only buy positions looks ideal, but in case the price breaks and closes below 100.80, then this will give us an ideal place to pick a sell.
Trade Recommendations:
Buy USDJPY towards 109.50.