Wait for a correction to buy USD | 30 Septiembre 2021

30 Septiembre 2021, USD/JPY

Technical observation

On the 4 hour chart above, USD ascended steadily to the resistance level 112.05 but could not break above; it bounced at the level and is currently trading with an increasing bearish momentum. My expectation is a continuation of this downwards movement to the supportive zone this pair established at 111.27-111.22 followed by a rejection within it to re-buy USD. As it is on the chart above, remaining neutral with this pair is ideal than picking any positions. My advice, remain flat and wait for a correction to the zone 111.27-111.22 then pick long positions within it after a bounce with your take profit at 112.05 and stop loss at 110.96.

Trade recommendation

Remain flat.

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