25 Enero 2021, USD/JPY
Trade recommendation
USD did not rally downwards as I had predicted, instead, it rose and broke above the zone 103.68-103.63 and is currently trading with an increasing bearish momentum above it. I expect a loss if this downwards movement within the zone mentioned above for a possible rally to the upper side. My advice, remain neutral temporarily and buy a bounce within the zone 103.68-103.63 with your take profit at 104.68 and stop loss at 103.29. In case there is a clear breakout above the line 104.68 with a big green candle, wait for a correction to the line and a bounce before you continue long towards the level 105.56.
Trade recommendation
Remain flat temporarily.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from January 18 to 29, 2021.
2. Send a request to school@freshforex.com with your account number funded.