Resell USDJPY at (109.51-109.40) | 31 Enero 2018

31 Enero 2018, USD/JPY

Resell USDJPY at (109.51-109.40)

Technical observation

Yesterday the pair USD JPY declined towards 108.55 and is currently rising towards a resistance zone (109.51-109.40),I expect a rejection of price at the zone to resell USDJPY with my take profit at 108.15 and stop loss at 109.75.If there’s a clear breakout above the resistance zone then I’ll wait for a retracement to the zone to confirm a bullish movement of price before I enter long position with my take profit at 111.29.As long as zone (109.51-109.40),protects the lower side I still expect a decline in price and I can only advise for short positions within the zone .

Technical levels

Resistance levels

R1.108.79

R2.108.85

R3.108.99

Pivot

108.74

Support levels

S1.108.65

S2.108.58

S3.108.45

Trade signal

Resell USDJPY after retracement to (109.51-109.40) with your take profit at 108.15 and stop loss at 109.75

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.