Remain long | 02 Julio 2020

02 Julio 2020, USD/JPY

Remain long

Technical observation

USD pulled back to a supportive zone it established around 107.49-107.40 but did not break below it. Currently this pair is trading with an increasing bullish momentum within the zone and I expect this upwards movement to continue to the resistance line 108.44 followed by a possible breakout above it for a further surge to the upper side. I bought this pair within the zone mentioned above and I am holding on to it with my take profit at 108.44 and sop loss at 107.07. On the 4-hour chart above, we can only anticipate bearish movements of price below the supportive zone 107.49-107.40 towards the key level 106.44.

Trade recommendation

Remain long with your take profit at 108.44.

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