Pick long positions within 112.00-111.76 | 09 Noviembre 2018

09 Noviembre 2018, USD/JPY

Technical observation

USD/JPY was rejected around the resistance 114.53 and is now correcting to the support 112.00-111.76 and I expect a rejection within it for possible bullish momentum towards 114.53 and a break above it for a further rise in price. Should there be a clear break below 112.00-11.76, wait for a pull back to it confirming possible bearish momentum before you sell this pair. On your way downwards the key lines look for include 109.74, 107.80 or even lower to 104.63. Right now only long positions look idea and can be recommended on the daily chart above towards 114.53.For this pair long positions can be advisable even for shorter time frames.

Trade recommendation

Buy USD within 112.00-111.76 with your take profit at 114.53 and stop loss slightly below 111.76.

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
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