Wait for a penetration below 107.78 to sell USD. | 16 Julio 2019

16 Julio 2019, USD/JPY

Wait for a penetration below 107.78 to sell USD.

Technical observation

USD is trading above a supportive level it established around 107.78 on an increasing bearish momentum and i expect a clear penetration below the line with a big red candle followed by a correction to it for bearish price rally towards 106.82.Wait for a penetration below 107.78 and a pullback to it to sell USD with your take profit at 106.82 and stop loss at 108.17.In case there’s no breakout below 107.78 but a rise to 108.68-108.58, wait for a rejection within it to re-sell USD with your take profit at 107.78 and stop loss at. Bullish movements of this pair may only be expected above the zone 108.68-108.58 towards 109.70.

Trade recommendation

Wait for a penetration below 107.78 and a pullback to it to sell USD.

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