Remain flat | 08 Marzo 2019

08 Marzo 2019, USD/JPY

Remain flat

Technical observation

USD is currently rallying between a resistance zone 114.76-114.04 and a support 104.60, my expectation is either a correction to 114.76-114.04 followed by a rejection within it for possible downwards momentum towards 104.60, or a decline to 104.60 followed by a clear penetration below it and a correction to it for bearish price rally. In case of a correction to 114.76-114.04, wait for a rejection within it to sell USD with your take profit at 104.60 and stop loss at 116.98, and should price penetrate below 104.60, short this pair at it after a retracement to the broken line. Long positions may only be ideal above 114.76-114.04.

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