USD/JPY Technical Analysis For 1st October 2015, H4 | 01 اكتوبر 2015

01 اكتوبر 2015, USD/JPY

Technical View:

USD/JPY continues to trade within the range 121.61 and 118.44 despite the breakout witnessed by its negatively correlated pair GBP/USD. As long as the pair trades within this range, we cannot rule the break out in GBP/USD as valid, GBP might merely be testing the level. We only encourage buy above 121.61, and sell below 118.44. Traders trading this pair should observe other pairs such as NZD/JPY and HKD/JPY for positive correlation.

Trade Recommendations:

As long as the p[air trades within this range buy positions are only recommended above 121.61, and sell positions below 118.44.

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

يشارك

Facebook

Twitter

Bob Stan

FreshForex is a brand with a 20-year history, providing access to online trading for clients from 158 countries worldwide.
The company’s services are intended for adult users. If the use of these services violates local laws, you must immediately leave the website. The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage involves significant risks and may result in both profits and losses. Potential losses are limited to the amount of funds deposited. Before deciding to trade, clients should assess their risk tolerance, experience level, and knowledge.
We use cookies to improve your experience on our website.