Remain long | 25 September 2018

25 September 2018, USD/JPY

Technical observation

On the daily chart, USD/JPY went above a resistance zone 111.76-111.53 with a big green candle, price then pulled back to it before rallying up and currently it is still rising towards the key line 114.14.If you picked long positions within the above mentioned zone, remain long with your ideal target at 114.14,If you had not traded this pair yet, wait for a correction to 111.76-111.53 then pick long positions within it with your take profit at 114.14 and stop loss slightly below 111.53.Shoukd there be a breach above 114.14,wait for a correction to it to confirm further bullish momentum before you continue long with USD.

Technical levels

Resistance levels

R1.112.78

R2.113.02

R3.113.4

Pivot

112.64

Support levels

S1.112.4

S2.112.26

S3.111.89

Trade signal

Remain long.

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

More trading assets here...

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.