Buy within 111.82-111.41 | 22 Oktober 2018

22 Oktober 2018, USD/JPY

Technical observation

The pair on the daily chart above is on an upward trend. Price is currently rallying towards the supportive zone 111.82-111.41, I expect a bounce within it for possible bullish movement of USD towards 114.51, and a possible breach above it for a further rise in price. I would advise you wait for the correction to the zone then pick long positions within it with your take profit at 114.51 and stop loss slightly below 111.41.In case of a clear breakout below 111.41 with a big red candle, wait for a correction to it confirming possible bearish movement of price before you pick short positions towards the supportive line 108.73.

Technical levels

Resistance levels

R1.112.67

R2.112.82

R3.113.13

Pivot

112.51

Support levels

S1.112.36

S2.112.2

S3.111.89

Trade signal

Buy USD/JPY within 111.82-111.41 with your take profit at 114.51 and stop loss slightly below 111.41.

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.