Wait | 24 Agosto 2020

24 Agosto 2020, USD/JPY

Technical observation

On the chart above price is trading with an increasing bullish momentum below a resistance zone 106.67-106.50, I expect this upwards movement to continue to the resistance zone 106.67-106.50 followed by a clear bounce within it for bearish price movements. My advice, wait for a correction to the above mentioned resistance zone and a rejection within it to sell USD within it with your take profit at 104.44 and stop loss at 107.53. Should price penetrate below the line 104.44 with a big red candle, you can anticipate further bearish movements of price towards the lower supportive level marked around 102.28.

Trade recommendation

Wait for a retracement to 106.67-106.50 to buy USD.

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