Principal >
Datos analíticos de Forex
>
Pronóstico Fresco
>
Technical Analysis Based on Breakout
>
Wait for a retracement to buy USD.

Wait for a retracement to buy USD. | 07 Noviembre 2018

07 Noviembre 2018, USD/JPY

Technical observation

USD/JPY is on an upward trend, price rose up to a resistance 112.63 but could not penetrate above it and is currently rallying on a bearish momentum towards 112.00, I expect a loss of this momentum within the key supportive zone 112.00-111.76 followed by possible bullish movement of price. Previously I had bought this pair within 112.00-111.76 and picked my profits at 112.63, now I’m waiting for another correction to the above mentioned zone to re-buy this pair with my ideal target still at 112.63 and stop loss around 110.70.Short positions may only be advisable below 111.76 towards 109.74 or even lower to 107.80.

Trade signal

Wait for a retracement to 112.00-111.76 to buy USD.

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

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión

Mostrar contraseña

Ocultar contraseña

 ¿Se te olvidó tu contraseña?
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.

Nuestros mejores premios:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.