Pick short positions within 145.47-145.10 | 09 Noviembre 2022

09 Noviembre 2022, USD/JPY

Pick short positions within 145.47-145.10

Technical observation

On the 4 hour chart above, price pulled back to the supportive zone 145.47-145.10 but it did not break below it and currently it is trading within this zone with an increasing bearish bias. My expectation is a loss of this downwards movement followed by a surge to the upper side and I recommend that you pick bullish positions now within the zone indicated above with your take profit at 151.50 and stop-loss at 143.84. I expect price to rally further to the upper side in case of a clear break above the level 151.50, however, if there is a clear break below the zone 145.47-145.10, I anticipate possible bearish movements of price towards the level 140.71.

Trade recommendation

Buy USD now within 145.47-145.10 with your take profit at 151.50.

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.