02 января 2019, USD/JPY
Technical observation
For several days now, USD has been declining steadily towards the support 109.39, currently price is rallying around the line and my expectation is either a clear breach below it with a big red candle followed by a pullback to it or a bounce at it followed by a correction to the zone 111.67-111.36, In case you sold this pair previously within 111.67-111.36 you can pick your profits now at 109.39 but if you had not sold this pair yet, you can wait for the breakout below 109.39 and a correction to it to sell USD with your take profit at 106.73 and stop loss at 110.47, or a rejection at 109.39 followed by a correction to 111.67-111.36 to sell USD.
Trade recommendation
Remain flat.
Be the first to get $5 for participation in the webinar 8.30 GMT!
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 