Remain flat temporarily. | 12 Diciembre 2018

12 Diciembre 2018, USD/JPY

Remain flat temporarily.

Technical observation

USD/JPY is retracing to the support 113.23 and my expectation is a rejection of it at the line for possible bullish price rally towards the key resistance zone 113.76-113.70 and possible breakout above it for a further rise in price. Remain flat temporarily and wait for the pullback to 113.23 to pick long positions with your take profit at 113.70 and stop loss at 113.00.Should there be a clear breakout above the zone 113.76-113.70 with a big green candle, wait for a correction to it confirming possible further bullish momentum before you continue long. This pair on an upward trend so only long position may be advisable.

Trade recommendation

Remain flat temporarily.

Be the first to get $5 for participation in the webinar 8.30 GMT!

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