Wait | 20 Octubre 2020

20 Octubre 2020, USD/JPY

Wait

Technical observation

USD penetrated above the level 105.46 with a big green candle then rose for some time and is currently retracing to the line. I expect a rejection at the same line for possible bullish price movements towards the resistance level 105.78. My advice, wait for a correction to the line105.46 and a rejection at it to buy USD with your take profit at 105.78 and stop loss at 105.43. Should there be a clear breakout above the resistance line 105.78 with a big green candle, you can anticipate a further rise towards the upper resistance line 106.08. As it is on the cart above only bullish positions can be recommended.

Trade recommendation

Wait for a correction to 105.45 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.