USD/JPY Forecast: long as the price remains above this level

jpy_2_newsWave Analysis

After an attempt breakout below 107.80, the US Dollar pulled back to the upperside and even got above 107.90. The level 107.90 is a good support and a good buy place, as long as the price remains above this level, we expect nothing but a possible momentum to the upper side, the idea is to have you pending buy orders around 107.90, stop loss below 107.40 and take profit at 109.15, and on the other side, should price breakout below 107.90, then this will be an ideal place to look for sell orders.

Trade Recommendations:

USDJPY. Place a pending buy limit order around 107.90 take profit at 109.15.

USDJPU. Place a pending buy limit order around 107.90 take profit at 109.15.

Origin: FreshForex

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