Wait for correction around (108.03-107.75) | 23 Febrero 2018

23 Febrero 2018, USD/JPY

Technical observation

After the correction of price to the resistance zone (108.03-107.75) it got rejected within the zone then went down yesterday. Currently, the pair is retracing back to the zone and I expect a possible rejection of it within or around the zone for bearish movement of price towards 105.55 or even a breakout below it for a further decline of price. My advice, wait for a pullback to the zone the re sell USDJPY with your take profit around 105.55 and stop loss around 109.77.In case there’s a clear breach of price above (108.03-107.75), wait for a correction to the zone to confirm the price is moving up before you enter long positions.

Technical levels

Resistance levels

R1.106.56

R2.106.86

R3.107.6

Pivot

106.18

Support levels

S1.105.85

S2.105.39

S3.104.65

Trade signal

Wait for correction around (108.03-107.75)to re sell USDJPY with your take profit at 105.55 and stop loss around 109.77.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus