Remain short | 08 Julio 2019

08 Julio 2019, USD/JPY

Remain short

Technical observation

USD pulled back to a resistance zone 108.75-108.57 but could not break above it, price was rejected within the zone and is currently trading on an increasing bearish bias, I expect this downwards movement to continue towards the support 106.45 followed by a breach below it, if you sold this pair within 108.75-108.57 hold on to that position with your take profit at 106.45 and stop loss at 109.52 but if you’re not in a trade yet, you can wait for either another correction to 108.75-108.57 and a bounce within it, or a clear breakout below 106.45 followed by a correction and a rejection at it to sell this pair.

Trade recommendation

Remain short with your take profit at 106.45.

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.