Buy USD now | 24 September 2018

24 September 2018, USD/JPY

Buy USD now

Technical observation

USD/JPY rose towards the resistance 112.53 and broke above it with a big green candle before correcting to it. I expect a rejection of it at the line followed by a rise towards the resistance 113.16.You can buy this pair now at the line 112.53 with your take profit at 113.16 and stop loss around 112.29.Should there be a clear breakout above 113.16, wait for a correction to it to confirm further bullish momentum of price before you continue long with USD. Short positions may only be advisable in case of a clear breakout below 112.53 with a big red candle followed by a correction to it. Right now buy USD/JPY.

Technical levels

Resistance levels

R1.112.62

R2.112.64

R3. 112.69

Pivot

112.59

Support levels

S1.112.57

S2.112.54

S3.112.49

Trade signal

Buy USD/JPY now with your take profit at 113.16 and stop loss around 112.29.

Do you know against which currencies JPY is the most profitable?

Buy USD now

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
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 .