Remain flat temporarily. | 09 Enero 2019

09 Enero 2019, USD/JPY

Remain flat temporarily.

Technical observation

For the past days USD has been rising steadily towards the resistance zone 109.85-109.5 and I expect a loss of this bullish momentum within the above mentioned zone followed by possible bearish price rally towards 107.50, my advice, remain flat temporarily and wait for a close within 109.85-109.5 to sell USD with your take profit at 107.50 and stop loss at 110.74.In case there is a clear penetration below 107.50 then more bearish movements will be expected towards 104.61. Should there be a clear penetration above 109.85-109.5 with a big green candle then bullish price rally towards the resistance level 111.84 can be anticipated.

Trade recommendation

Remain flat temporarily.

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.