Wait for a correction to 113.33-113.25 to sell USD | 10 Noviembre 2021

10 Noviembre 2021, USD/JPY

Wait for a correction to 113.33-113.25  to sell USD

Technical observation

USD is trading with an increasing bullish bias below a resistance zone 113.33-113.25 this upwards movement is a retracement to the just broken zone and I expect a rejection within it followed by a rally to the lower side. My advice, remain neutral temporarily and wait for a correction to the zone 113.33-113.25 then pick short positions within it after a bounce with your take profit at 111.94 and stop loss at 113.83. In case of a clear break below the level 111.94, I expect a further surge to the lower side to the supportive level 110.81. As long as USD is contained below the resistance zone 113.33-113.25, you can only expect a rally to the lower side.

Trade recommendation

Wait for a correction to the zone 113.33-113.25 to sell USD.

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