Remain flat | 03 Diciembre 2020

03 Diciembre 2020, USD/JPY

Technical observation

USD is trading between a supportive zone 104.15-104.11 and a resistance zone 104.96-104.91, I expect either a decline to the supportive zone mentioned above followed by a rejection within it to buy USD, or, a rise to the resistance zone followed by a clear breakout above it. Right now, remaining flat with this pair is ideal than picking any positions. In case of a decline to the zone 104.15-104.11, buy USD within it after a bounce with your take profit at 104.91 and stop loss at 103.85, and should there be a break above 104.96-104.91, wait for a correction to it before you pick long positions towards 105.70.

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.