Wait for a correction to 112.72-112.66 | 20 Noviembre 2018

20 Noviembre 2018, USD/JPY

Wait for a correction to 112.72-112.66

Technical observation

Price went below a key supportive zone 112.72-112.66 and is currently rallying below it.My expectation is nothing but a correction to the just broken zone followed by a bounce within it for possible downwards movement of USD towards 111.66 and a possible breakout below it for a further decline in price towards the lowest support 110.50.My advice, short USD on the second retracement to the above mentioned zone just to ensure this is not a false breakout with your take profit at 111.66 and stop loss around 113.20.As long as price is contained below the zone 112.72-112.66 only short positions can be advisable.

Trade recommendation

Wait for a correction to 112.72-112.66 to sell USD with take profit at 111.66.

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

Wait for a correction to 112.72-112.66

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