Remain flat | 25 Junio 2019

25 Junio 2019, USD/JPY

Technical observation

USD has been declining steadily towards a supportive level 106.46 and is currently trading above it on an increasing bearish momentum, my expectation is either a rejection of price at the line or a clear break below it with a big red candle. In case of a bounce at 106.46, wait for a correction to the zone 108.81-108.62 and a bounce within it to re-sell USD with your take profit at 106.46, and should there be a break below the line 106.46 wait for a retracement to it before you sell USD with your take profit at 104.63 and stop loss at 107.24, if you went within 108.81-108.62 and is still in the trade, pick your profits at 106.46.

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.