01 Febrero 2021, USD/JPY
Technical observation
USD rallied upwards significantly and broke above a resistance line 104.68 with a big green candle; it then reacted to the line and bounced at it. Right now price is trading with an increasing bullish bias and I expect this upwards movement to continue to the resistance line 105.56 followed by a clear breakout above it. If you bought USD at the line 104.68 after a bounce, remain long with your take profit at 105.56 and stop loss at 104.45. Should there be a clear break above the line 105.56 with a big green candle, wait for a pullback to it and a bounce before you continue long with your next take profit at 106.46.
Trade recommendation
Remain long with your take profit at 105.56.
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 February 1 to 26, 2021.
2. Send a request to school@freshforex.com with your account number funded.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 