Remain flat | 27 Noviembre 2020

27 Noviembre 2020, USD/JPY

Remain flat

Technical observation

USD did not rally upwards as I had predicted yesterday, instead, it went downwards and broke below the key line 104.11 with a big red candle. Currently price is trading with an increasing bearish momentum and i anticipate a loss of this upwards movement at the level 104.11 for a surge to the lower side. My advice, remain flat and wait for a pullback to the line 104.11 and a rejection at it to sell USD with your take profit at 103.49 and stop loss at 104.28. In case price is not contained below the line 104.11 and instead it breaks above it with a big green candle, wait for a correction to it before you buy USD.

Trade recommendation

Remain neutral.

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