Wait | 03 Marzo 2020

03 Marzo 2020, USD/JPY

Wait

Technical observation

Recently price of USD went below a trend line it was trading above with a big red candle. Yesterday, price corrected itself to the line and was contained below it. My expectation is the price should continue to decline towards the level 106.75 followed by a break below it and a correction for a further decline towards the lowest support 104.45. My advice, wait for a correction to the line shown on the chart above followed by a rejection at it to sell USD with your take profit at 106.75 and stop loss at 108.99. As long as USD is below the line indicated on the chart above only short positions can be recommended.

Trade recommendation

Wait for a correction 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