We're flat | 26 Diciembre 2018

26 Diciembre 2018, USD/JPY

We're flat

Technical observation

USD/JPY is still declining towards the support level 109.45 and my expectation is either a rejection at it followed by a correction to the just broken line 111.85 and a rejection at it for downwards movement of price, or a penetration below the level with a big red candle followed by a correction to it for possible bearish momentum of GBP towards 107.40.Right now as price is rallying between the support 109.45 and the resistance 111.85,I would advise you remain neutral and wait for either a correction to 111.85 or a breakout below 109.45 to trade this pair. Only the daily chart above only short positions look ideal and can be recommended.

Trade recommendation

Remain flat.

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

BECOME FRESHFOREX ANALYST!

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.