We're flat | 01 Julio 2020

01 Julio 2020, USD/JPY

We're flat

Technical observation

USD is trading with an increasing bullish momentum between a supportive level 104.65 and a resistance zone 114.32-113.97. My expectation is either a decline to the supportive level followed by a clear breach below it with a big red candle, or a rise to the resistance zone mentioned above followed by a clear breakout above it. In case of a clear penetration below 104.65, wait for a pullback to it and a rejection to confirm possible bearish movements of price before you sell USD. Right now remaining flat with thin pair is ideal than entering any position.

Trade recommendation

Remain flat.

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