Wait for a correction to the zone 115.09-115.03 | 13 Enero 2022

13 Enero 2022, USD/JPY

Wait for a correction to the zone 115.09-115.03

Technical observation

On the 4 hour chart above, price declined below the zone it established at 115.09-115.03 with a big red candle and as long as it is contained below this zone, I expect nothing but further bearish movements of price. My advice, remain flat and wait for a pullback to the just broken zone the sell a bounce within it with your take profit at the level 113.87 and stop loss at 115.48. Should there be a clear breakout below the lower supportive zone 113.87-113.79 with a big red candle, I expect the value of this pair to plummet further towards the lower level marked at 112.52 after a retracement and a bounce within the zone 113.87-113.79.

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