Remain short | 20 Junio 2019

20 Junio 2019, USD/JPY

Remain short

Technical observation

Following its rejection within the resistance zone 108.89-108.71, USD has been declining steadily and I still expect more of this movement towards the supportive level 106.45.If you sold this pair within the 108.89-108.71 after a rejection, hold on to that position with your take profit at 106.45 and stop loss at 109.59, however, if you’re not in a trade yet, wait for either another correction to 108.89-108.71, or, a clear breach below 106.45 followed by a correction to it and a rejection to sell USD. On the daily chart above as long as price is contained below the zone 108.89-108.71, only short positions look ideal and may be advisable.

Trade recommendation

Remain short with your take profit at 106.45 and stop loss at 109.59.

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.