Remain flat | 16 Julio 2018

16 Julio 2018, USD/JPY

Remain flat

Technical observation

USD/JPY is pulling back towards the resistance zone 114.79-114.12,I expect a rejection of it within the zone for possible bearish momentum towards 108.76 and a possible breakout below it for a further decline in price towards 104.67 or even lower to 100.59.You can remain flat right now and wait for the pull back to 114.79-114.12 then short the pair within the zone with your first take profit at 108.76 and the next at 104.67 and stop loss slightly above 114.79.In case price is not rejected within 114.79-114.12 and breaks above it.Wait for a correction to it to confirm bullish movement s of price before you long USD.

Technical levels

Resistance levels

R1.113.33

R2.114.31

R3.116.79

Pivot

111.82

Support levels

S1.110.84

S2.109.34

S3.106.85

Trade signal

Remain flat

Do you know against which currencies JPY is the most profitable?

Remain flat

More trading assets here...

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