Place A sell limit order at 109.17 | 19 Abril 2017

19 Abril 2017, USD/JPY

Place A sell limit order at 109.17
Technical Observation:
This is a strong bear market with a key sell area at 109.17. Unless this retracement level is clearly broken with a big green candle, I will be hesistant to long this pair. Instead, I have placed a pending sell limit around 109.17 just in case the price retrace to this level. On the daily chart, the long term trend is bearish, thus, in case of a bounce from 109.17, then I'll wait for a breach below the immediate trendline to confirm our previous short position towards 108.27.
Technical levels:
Resistance levels
R1: 109.33
R2: 109.63
R3: 110.47
Pivot Point
108.79
Support Levels
S1: 107.11
S2: 107.95

S3: 108.49

Trade Signal
Place a sell limit order at 109.17 with a target at 108.27

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.