manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Sell USD now

16 April 2018, USD/JPY

Sell USD now

Technical observation

USDJPY broke below a key support zone (107.80-106.99) with a big red candle, price then retraced to the zone twice before moving down, currently it is within the zone and I don’t expect a breakout above the zone but a rejection of price for bearish movements of price towards the key line 104.64.My advice, sell USD now with your take profit at 104.64 and stop loss around 109.45.In case of a breakout below 104.64,wait for a correction to it then continue short with can only buy USD in case of a breakout above the zone (107.80-106.99) with a big green candle and a correction to it.

Technical levels

Resistance levels






Support levels




Trade signal

Sell USD now.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .