Remain flat temporarily. | 01 Junio 2018

01 Junio 2018, USD/JPY

Remain flat temporarily.

Technical observation

Yesterday USD/JPY retraced the broken support zone 109.04-108.80, it could not penetrate above it and was rejected. Currently price is within the zone and i expect either a breakout above 109.04 or a close within the zone to trade the pair. I would advise you remain flat temporarily and wait for either a breakout above 109.40 or a close within 109.04-108.80 to enter a trade. If price closes within the zone, short USD/JPY with your take profit at 106.74 and stop loss around 109.76,in case there’s a clear breakout above 109.04 with a big green candle, long the pair with your ideal target at the resistance line 111.06.

Technical levels

Resistance levels

R1.109.62

R2.109.85

R3.110.32

Pivot

109.43

Support levels

S1.109.14

S2.108.89

S3.108.41

Trade signal

Remain flat temporarily.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

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