Buy USD/JPY | 11 Junio 2018

11 Junio 2018, USD/JPY

Buy USD/JPY

Technical observation

USD/JPY is on an upward trend, price retraced at a support zone 109.35-108.54 then went up. If you bought the pair last week I would advise you remain in the trade towards 113.97, if you had not bought it yet you can still long the pair right now around the zone with your take profit at 113.97 and stop loss around 106.76.I expect possible bullish momentum towards 113.97 and a breakout above it for a further rise in price towards 121.13.In case of a breakout below 108.54,wait for a correction to it and a rejection of price from it to confirm bearish movement of price before you enter short positions.

Technical levels

Resistance levels

R1.110.14

R2.110.74

R3.111.82

Pivot

109.67

Support levels

S1.109.06

S2.108.59

S3.107.52

Trade signal

Long USD/JPY with take profit at 113.97 and stop loss around 106.76.

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.