We're flat | 10 Julio 2020

10 Julio 2020, USD/JPY

We're flat

Technical observation

USD is rallying with an increasing bearish momentum above a supportive line 104.65 and expect this bearish rally to continue to the line followed by a clear breakout below it with a big red candle. In case of a clear breach below 104.65, wait for a correction to the just broken line and a rejection at it to sell USD with your take profit at 96.81 and stop loss at 106.81. If this take profit is triggered and there is a clear penetration below it with a big red candle wait for a correction to it and a bounce before you continue short with this pair towards the supportive level 87.36. Right now, remain flat with this pair

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.