We're neutral | 01 Octubre 2021

01 Octubre 2021, USD/JPY

We're neutral

Technical observation

USD has been rising steadily for the past three consecutive weeks and it is still showing signs of rising even further. This week price had been trading with an increasing bullish bias and I expect it to continue further upwards and close bullish. My expectation is a rise to the resistance level 114.08 followed by either a clear breakout above it with a big green candle, or a rejection at it followed by another correction to the supportive zone 107.84-107.46. As it is on the weekly chart above remaining neutral is ideal than picking any positions. AS long as the value of this pair is sustained above the supportive zone 107.84-107.46 I can only recommend bullish positions.

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