Wait for a correction to 111.96-111.83 | 02 Tháng Mười 2018

02 Tháng Mười 2018, USD/JPY

Wait for a correction to 111.96-111.83

Technical observation

USD/JPY established a daily support zone when price broke above a resistance 111.96-111.83,USD pulled back to the just broken zone and was rejected before rallying up towards a key line 114.4,price was rejected at it and is currently retracing to 111.96-111.83.while the price is contained above this zone, I believe USD is still within the buyers reach.AS it is ,I’m waiting for retracement to 111.96-111.83 and a bounce sign to re-buy USD towards 114.14.Should the price ascend above 114.14,then I’ll wait for a correction to it to confirm further bullish momentum of price before I continue long with USD.

Technical levels

Resistance levels

R1.113.84

R2.113.98

R3.114.38

Pivot

113.59

Support levels

S1.113.43

S2.113.17

S3.112.76

Trade signal

Wait for a correction to 111.96-111.83 to buy USD/JPY.

Do you know against which currencies JPY is the most profitable?

Wait for a correction to 111.96-111.83

More trading assets here...

Imelda Maseno
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .