We're short towards 107.08 . | 30 Julio 2019

30 Julio 2019, USD/JPY

Technical observation

Yesterday USD did not go down as had been predicted but instead rallied upwards and still could not penetrate above the resistance zone it established around 108.86-108.68. Currently price is trading within the above mentioned zone on an increasing bearish bias and I expect this movement to continue towards the support 107.08 followed by a clear penetration below it. My advice, sell this pair within the zone 108.86-108.68 with your take profit at 107.08 and stop loss at 109.59, in case this line is broken wait for a correction and a rejection at it confirming further bearish price rally before you continue short with USD.

Trade recommendation

Sell USD within 108.86-108.68 with your take profit at 107.08 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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus