Sell USD within 108.18-107.99 | 18 Marzo 2020

18 Marzo 2020, USD/JPY

Sell USD within 108.18-107.99

Technical observation

Yesterday USD did not rally downwards but instead corrected to the resistance zone it established around 108.18-107.99. However, price did not break above the zone and was rejected. Bearish momentum towards the supportive level 104.96 can be expected followed by a clear penetration below it. Within the zone 108.18-107.99 is the best place to place a sell order with your take profit at 104.96 and stop loss at 109.25. Continue short with this pair after a clear breakout below the support 104.96 followed by correction at a rejection at it. Long positions may only be recommended above 108.18-107.99.

Trade recommendation

Sell USD within 108.18-107.99 with your take profit at 104.96.

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