Place a pending order within 111.21-111.02 | 29 Juni 2018

29 Juni 2018, USD/JPY

Place a pending order within 111.21-111.02

Technical observation

USD/JPY is rising steadily towards the resistance zone 111.21-111.02.I expect a rejection of it within the zone for bearish momentum towards 109.03 and a possible breach below 109.03 for a further decline in price towards 107.34,you can place a pending trade within the zone with your ideal target at 109.03 and stop loss around 111.86.In case of a clear breakout above 111.21-111.02,wait for a correction to it to confirm bullish movement of price then long the pair on the retracement to the zone. Right now as long as 111.21-111.02 protects the lower side, only short positions can be recommended.

Technical levels

Resistance levels

R1.110.07

R2.110.4

R3.111.08

Pivot

109.78

Support levels

S1.109.39

S2.109.04

S3.108.35

Trade signal

Place a pending order within 111.21-111.02 with your take profit at 109.03 and stop loss around 111.86.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

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.