We're flat | 30 Octubre 2020

30 Octubre 2020, USD/JPY

We're flat

Technical observation

USD is retracing to a resistance zone 104.96-104.92. I expect a loss of this bullish bias within the zone for a surge towards the key level 103.98. In case price does not bounce within the zone and instead there is a clear break above it with a big green candle, wait for a correction to the zone and a bounce to confirm possible bullish movements of price before you pick long positions. On your way upwards the key levels to look for include; 105.52, 106.11 and 106.97. My advice right now, remain flat temporarily and wait for a correction to 104.96-104.92 and a bounce within it to sell USD with your take profit at 103.98.

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