Remain flat | 29 Noviembre 2021

29 Noviembre 2021, USD/JPY

Remain flat

Technical observation

On the hourly chart above, price broke below the supportive zone 113.78-113.74 with a big red candle, it then rose to the same zone and it is currently trading at it with an increasing bullish bias. I expect a loss of this upwards movement within the zone followed by a rally to the lower side. My advice, remain flat and wait for a second correction to the zone I have mentioned above then sell USD within it with your take profit at 113.01 and stop loss at 114.21. In case of a breakout below the supportive level 113.01 with a big red candle, I expect price to plummet further to the lower side. Bullish movements can only be recommended above 113.78-113.74.

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