We're flat | 14 Agosto 2020

14 Agosto 2020, USD/JPY

We're flat

Technical observation

The pair on the chart above is still trading with an increasing bullish momentum above a zone 106.67-106.50 it recently broke above with a big green candle. I expect a correction to the just broken zone followed by a rejection within it to long this pair towards the resistance line 109.24. My advice, remain flat and wait for a correction to the zone 106.67-106.50 and a bounce within it to buy USD with your take profit at 109.24 and stop loss at 105.47. On the daily chart above, as long as the value of USD is contained above the zone 106.67-106.50 you can only expect upwards movements of price.

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