manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Go long towards 109.68

21 April 2017, USD/JPY

Go long towards 109.68
Technical Observation:
Recently, US Dollar successfully broke above 109. and has just retraced to the just broken retracement equilibrium zone. From the 4 Hour point of view, a long position is imminent. My advice therefore, go long but have your ST below the recent lowest low, 108.65 and a TP at 109.68. This view is only valid on the 4 Hour chart; the daily chart, however, paints a different picture indicating; we may be going long in the long run that the current upward move is a pullback.
Technical levels:
Resistance levels
R1: 109.68
R2: 109.97
R3: 110.74
Pivot Point
109.2
Support Levels
S1: 107.66
S2: 108.43
S3: 108.91
Trade Signal
Long USD towards 109.68

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .