Remain flat | 06 Junio 2018

06 Junio 2018, USD/JPY

Remain flat

Technical observation

The pair on the daily chart above is on a upward movement with three retracements at a support zone 109.01-108.78.Currently price is between a resistance line 110.92 and the zone 109.01-108.78 .I expect either a rise to 110.92 and a breakout above it or a correction to 109.01-108.78 and a rejection of price within the zone for possible bullish momentum towards 110.92,I would advise you remain flat and wait for either a correction to 109.01-108.78 then long the pair within it ,or a breakout above 110.92 followed by a correction to it to buy the pair. Short positions can only be recommended below 109.01-108.78.

Technical levels

Resistance levels

R1.109.83

R2.110.14

R3.110.84

Pivot

109.45

Support levels

S1.109.12

S2.108.72

S3.108.02

Trade signal

Remain flat.

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.