23 February 2021, USD/JPY
Technical observation
On the daily chart above, price has been rallying significantly to the lower side for several days now; this downwards movement is a correction to the supportive zone 104.64-104.42 and I expect a bounce within the same zone for a possible momentum to the upper side. My advice, remain neutral temporarily and wait for a correction to the zone 104.64-104.42 and a bounce at it to buy USD with your take profit at 107.91 and stop loss at 102.99. In case of a clear breakout above the line 107.91 with a big green candle, wait for a correction to it confirming further bullish movements before you continue long towards 112.08.
Trade recommendation
Remain neutral.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from February 1 to 26, 2021.
2. Send a request to school@freshforex.com with your account number funded.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 