Wait for a correction to 111.62-111.44 to buy USD. | 06 Marzo 2019

06 Marzo 2019, USD/JPY

Wait for a correction to 111.62-111.44 to buy USD.

Technical observation

USD corrected to the lower side but did not reach the zone 111.62-111.44, I still expect more bearish movements towards the zone and a rejection within it for bullish price rally towards 114.03. Wait for the correction to 111.62-111.44 and a rejection within it to buy USD with your take profit at 114.03 and stop loss at 110.76, in case there’s no rejection within 111.62-111.44 but a clear breakout below it with a big red candle, wait for a correction to it to confirm possible bearish movements of price before you sell this pair. Right now as long as USD is contained above 111.62-111.44 only long positions look ideal and may be advisable.

Trade recommendation

Wait for a correction to 111.62-111.44 to buy USD.

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