Wait for a correction to (108.14-107.79) | 08 Marzo 2018

08 Marzo 2018, USD/JPY

Technical observation

USDJPY broke below a support zone (108.14-107.79) with a big red candle then raced down towards a key line,105.20,it was then pulled back to the broken zone but could not break above it and was rejected then declined again towards 105.20,currently,price is rallying below the zone and i expect a correction to the zone to short the pair with my take profit at 105.20 and stop loss around 108.90,if price does not get corrected to (108.14-107.79) and instead breaks below 105.20,wait for a correction to it before you sell USD.In case of a breakout above 108.14,wait for a retracement to buy USD.

Technical levels

Resistance levels

R1.106.52

R2.106.83

R3.107.72

Pivot

105.93

Support levels

S1.105.62

S2.105.04

S3.104.15

Trade signal

Sell USD after a correction to (108.14-107.79) with your take profit at 105.20 and stop loss around 108.90.

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