Sell a retracement back towards the 50.0% fib level. | 02 Octubre 2019

02 Octubre 2019, USD/JPY

Sell a retracement back towards the 50.0% fib level.

Technical Obserservation

Yesterday, USDJPY failed to break above the Daily high 108.475, pulled back massively to the lowerside and is now below the 50.0% fib level, 107.716, this is a possible sign that we are continuing to the lowerside. On that, the key levels to look for include 61.8% fib level, 107.537, 76.4% fib level, 107.316 and the daily low, 106.958. A break below the daily low could mean the price is continuing to the lowerside with an ideal take profit fixed as before around 105.120. On this chart, a sell from 107.716 looks much better.

Trade Recommendations:

Sell a retracement back towards the 50.0% fib level.

TRADE METALS WITHOUT SWAPS!
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