Remain flat | 15 Noviembre 2021

15 Noviembre 2021, USD/JPY

Remain flat

Technical observation

USD is trading with an increasing bullish bias below a resistance level 114.28 and my expectation is a loss of this bullish movement followed by a retracement to the supportive zone 113.38-113.32. For the pair above, I would advise you wait for a correction to the zone mentioned above then buy a bounce within it with your take profit at 114.28 and stop loss at 112.74. In case price does not retrace to the zone 113.38-113.32 but instead it rises above the level 114.28 with a big green candle, wait for a correction to the broken line before you pick long positions. On the flip side, in case there is a clear break out below the zone 113.38-113.32, I expect price to surge to the supportive level 111.97.

Trade recommendation

Remain neutral.

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