We're flat | 30 November 2020

30 November 2020, USD/JPY

We're flat

Technical observation

Price is trading above a supportive level 103.85 with an increasing bearish momentum I expect either a clear breakout below then lien with a big red candle, or a bounce at it followed by a correction to the resistance zone 104.15-104.13. In case of a clear break below the line 103.85, wait for a retracement to it and a bounce before you sell this pair. And if there is no break below the line 103.85 but a correction to the zone 104.15-104.13, pick short positions within it after a bounce with your take profit at 103.85 and stop loss at 104.26. As it is on the chart above, I can only recommend short positions.

Trade recommendation

Remain neutral.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus