We are neutral | 30 Marzo 2022

30 Marzo 2022, USD/JPY

We are neutral

Technical observation

Yesterday USD declined as I had anticipated and today I expect a further surge to the lower side. The anticipated bearish movement of price is a correction to the supportive zone 118.75-118.45 and I expect it to decline up to the zone followed by a bounce within it. My advice, remain flat and wait for a correction to the zone I have mentioned above then buy a bounce within it with your take profit at 123.83 and stop loss at 116.08. If price breaks above the level 123.83 with a big green candle, I expect a further momentum to the upper side, on the other hand in case of a break below the zone 118.75-118.45, I expect USD to plummet towards 113.47.

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.