02 February 2021, USD/JPY
Technical observation
USD broke above a zone 104.58-104.42 with a big green candle, today it is still trading with an increasing bullish bias. I expect a correction to the just broken zone followed by a rejection within it to pick long positions with my take profit at 107.91 and stop loss at 103.31. If this take profit is hit and there is a clear breakout above it with a big green candle, I expect a further momentum to the upper side to the resistance line 112.08. However, if this pair is not contained above the zone 104.58-104.42 and penetrates below it, I expect it to plummet to the lower side to the supportive level 101.16.
Trade recommendation
Wait for a correction to the zone 104.58-104.42 to buy USD.
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 
cn 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 
