long towards 111.00 | 13 February 2020

13 February 2020, USD/JPY

long towards 111.00

Technical observation

Since penetrating above a zone it established around 109.74-109.62, USD has been rising steadily and I expect this bullish movement to continue towards the key level 111.00. If you bought this pair within the supportive zone 109.74-109.62 after a bounce, hold on to that positions with your take profit at 111.00 and stop loss at 108.96. Remain long towards 112.37 in case of a clear penetration above the key level 111.00 with a big green candle .As long as price is contained above the zone 109.74-109.62, only long positions look ideal and may be recommended on the daily chart above. Right now, remain long.

Trade recommendation

Remain long towards 111.00.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus