Wait for a correction | 28 September 2018

28 September 2018, USD/JPY

Wait for a correction

Technical observation

USD/JPY is still rallying above the zone 111.95-111.83.I expect a correction of price to it followed by a rejection of it within the above mentioned zone for possible bullish momentum towards 114.14.Wait for the correction to the zone then buy USD/JPY within it after a rejection within it with your take profit at 114.14 and stop loss slightly below 111.83.Should there be a clear breakout above 114.14, wait for a correction to it confirming further bullish momentum of price before you continue long with USD. Only long positions look ideal on the ideal on the daily chart an above and can be recommended within 111.95-111.83.

Technical levels

Resistance levels

R1.112.78

R2.113.02

R3.113.4

Pivot

112.68

Support levels

S1.112.4

S2.112.26

S3.111.89

Trade signal

Wait for a correction to 111.95-111.83 to buy USD/JPY.

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

Wait for a correction

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.