Buy USD within 111.76-111.69 | 24 Abril 2019

24 Abril 2019, USD/JPY

Buy USD within 111.76-111.69

Technical observation

On the chart above, price went up for a few hours before retracing to the zone 111.76-111.69, currently USD is trading on an increasing bearish momentum towards the zone and my expectation is a rejection within it for upwards movement of price. My advice, wait for a correction t 111.76-111.60 and a bounce within it to buy USD with your take profit at 112.66 and stop loss at 111.47.Should there be no rejection within the zone111.76-111.69 but a clear breach below it with a big red candle, wait for a correction to the just broken zone and rejection within it confirming possible bearish momentum before you sell USD.

Trade recommendation

Buy USD within 111.76-111.69 with your take profit at 112.66 and stop loss at 111.47.

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