Place pending buy limit around 107.54-107.34 | 24 Abril 2018

24 Abril 2018, USD/JPY

Place pending buy limit around 107.54-107.34

Technical observation

A breakout was seen recently when price broke out above 107.54-107.34 and is currently above it.Price is still rallying up but I expect a pullback to the broken zone and a clear rebound from it to pick long position with an ultimate target at 110.17.If price breaks above 110.17, I expect a further rise in price towards 114.03.As long as the price is above 107.54 I’m waiting for a clear buy signal .The ideal Is to place a pending buy limit around 107.54-107.34 with your atop loss way below 106.56 and take profit at 110.17.Only sell if the price clearly breaks below 107.34 with a big red candle and corrects to it.

Technical levels

Resistance levels

R1.107.84

R2.108.04

R3.108.42

Pivot:107.66

Support levels

S1.107.45

S2.107.27

S3.106.89

Trade signal

Place a pending buy limit order around 107.54-107.34 with your stop around 106.56 and take profit at 110.17.

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.