Buy USD within 109.75-109.62 | 07 Febrero 2020

07 Febrero 2020, USD/JPY

Technical observation

A breakout was seen when price went above a resistance zone 109.75-109.62 with a big green candle and rallied upwards the following day, right now price is rallying on an increasing bearish momentum and I expect a loss of this downward momentum within the just broken zone for possible bullish movement of price. Wait for a correction to the zone 109.75-109.62 and a rejection within it to buy USD with your take profit 111.76 and stop loss at 109.98. Further bullish movements may be expected in case of a clear breakout above the line 111.76 with a big green candle followed by a correction to it.

Trade recommendation

Buy USD within 109.75-109.62 with your take profit 111.76.

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.