Wait | 16 Diciembre 2020

16 Diciembre 2020, USD/JPY

Wait

Technical observation

On the chart above, price did not rally upwards as I had anticipated; instead, it declined and broke below the supportive zone 103.74-103.70. My expectation is a correction to the just broken zone and a bounce within it for a momentum to the lower side. My advice, wait for a correction to the just broken zone and a bounce within it to sell USD with your take profit at 103.17 and stop loss at 104.02. In case price penetrates below the line 103.17 with a big red candle, wait for a correction to it before you continue short with this pair. Only short positions look ideal and can be recommended for the pair above.

Trade recommendation

Wait for a correction to 103.74-103.70 to sell 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.