Remain flat temporarily. | 14 Marzo 2019

14 Marzo 2019, USD/JPY

Remain flat temporarily.

Technical observation

USD is currently rallying on an increasing bullish momentum below a resistance zone 111.67-111.62, I expect a rise to the zone followed by a rejection of price within it for bearish momentum towards the key line 110.93 and a possible breakout below it for a further decline in price towards 110.34.Remain flat temporarily and wait for a bounce within 111.67-111.62 to sell USD with your take profit at 110.93 and stop loss at 111.79.In case of a break above 111.67-111.62, wait for a correction to the just broken zone and a bounce within it confirming possible bullish momentum of USD before you pick long positions.

Trade recommendation

Remain flat temporarily.

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