15 Tháng hai 2021, USD/JPY
Technical observation
Since it bounced within the supportive zone 104.64-104.42, USD has been rising steadily above the same zone and I expect a continuation of this upwards movement to the resistance level 107.91. If you bought USD within 104.64-104.42 after a bounce, remain long with your take profit at 107.91 and stop loss at 103.31. In case of a break above the line 107.91 with a big green candle, wait for a correction to it and a bounce before you continue long with this pair. On your way upwards the key levels to look for include, 112.08, 114.50 and the key line 118.61. I can only recommend short positions below 104.64-104.42.
Trade recommendation
Remain long with your take profit at 107.91.
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.