Remain flat | 01 Marzo 2019

01 Marzo 2019, USD/JPY

Remain flat

Technical observation

USD is rising steadily towards a resistance zone 114.71-114.09, I expect a rejection of it within the zone for downwards price movement towards 104.63 and a breakout below it for a further decline in price towards the support 92.47 or even lower to 77.97.Remain flat and wait for the correction to the above mentioned zone and a rejection within it to sell USD with your take profit at 104.63 and stop loss at 118.22.In case of a penetration below 104.63, continue short with USD towards 92.47 after a correction to 104.63 and a rejection at it. As long as USD is contained below the zone 114.71-114.09 only short positions may be advisable.

Trade recommendation

Remain flat.

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