Remain flat | 31 Julio 2020

31 Julio 2020, USD/JPY

Remain flat

Technical observation

USD is trading with an increasing bearish momentum above a supportive zone it established around 105.02-104.41, my expectation is a clear break below the zone with a big red candle followed by a retracement to it and a bounce within the zone for a surge to the lower side. My advice, remain flat and wait for a clear breakout below the zone 105.02-104.41 followed by a correction and a bounce within it to sell USD with your take profit at 96.11 and stop loss at 107.14. On the weekly chart above, only short positions look ideal and can be recommended below the supportive zone 105.02-104.41.

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