We're neutral | 22 Junio 2021

22 Junio 2021, USD/JPY

We're neutral

Technical observation

USD penetrated above a resistance level 110.32 with a big green candle then rose for some time, right now price is trading with an increasing bearish bias above the level I have mentioned above, this bearish movement is a correction to the line 110.32 and I expect a rejection at it to pick long positions. My advice, remain neutral temporarily and wait for a correction to the line 110.32 and a bounce at it to buy USD with your take profit at 110.77 and stop loss at 110.15. In case of a clear break above the level 110.77 with a big green candle, I anticipate a further momentum to the upper side after a retracement to the broken line.

Trade recommendation

Remain neutral temporarily.

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