Remain flat | 02 Februari 2018

02 Februari 2018, USD/JPY

Remain flat

Technical observation

The pair on the daily chart above retraced at a support line 108.29 while on an upward trend, recently price was corrected at the line and is currently rising towards a key resistance zone as indicated by the blue rectangle, I expect a possible rejection of USD at the zone to resell the pair with my take profit at 108.29 and stop loss at 111.88,If there’s a clear breakout above the zone I’ll wait for a correction to it then buy USD with my take profit at 1114.46 because I expect a possible bullish momentum of the price towards 114.46 and above it.Right now my advice, remain flat and wait for a retracement to short USD.

Technical levels

Resistance levels

R1.109.39

R2.110.15

R3.111.46

Pivot

108.86

Support levels

S1.108.08

S2.107.52

S3.106.21

Trade signal

Remain flat.

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.