Remain flat | 09 Julio 2018

09 Julio 2018, USD/JPY

Remain flat

Technical observation

USD/JPY is trading on a downward trend.Currenty price is between the resistance zone114.79-113.98 and the support line 107.03. I expect either a rise to 114.79-113.98 or a decline to 107.03.In case of a rise to 114.79-113.98 and a rejection at it, Short USD within it with your take profit at 107.03 and stop loss slightly above 114.79, and in case of a decline to the support 107.03, wait for a breakout below it followed by a correction to it before you short the pair towards 100.59.Right now, remain flat and wait for either the correction to 114.79-113.98 or a breakout below 107.03 to trade USD/JPY.

Technical levels

Resistance levels

R1.110.98

R2.111.49

R3.112.35

Pivot

110.63

Support levels

S1.110.12

S2.109.77

S3.108.91

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.