Wait and buy a break above 109.72. | 26 Desember 2019
26 Desember 2019, USD/JPY
Technical Observation:
USD is currently retracing to the lower side, this is after price establishing a swing high around 109.72. On this chart, we’re seeing only two possible scenarios, the price could continue even lower towards 23.6% fib level, or the price could continue upwards and may breakout above the recent highest high 109.72 towards 114.00. Te latter will be a move perfectly in line with the trend and could see the price break even higher. On its way upwards, the key levels to look at include 111.21, 112.65 and 114.
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