Wait for a correction to re-buy | 14 November 2018

14 November 2018, USD/JPY

Technical observation

USD/JPY is on an upward trend with three retracements at the key supportive zone 112.04-111.76, price went up to the resistance line 114.53 but could not penetrate above it, was rejected and is still around it. My expectation is a correction to the above mentioned zone followed by a rejection within it for possible bullish momentum towards 114.53 and a possible break out above it for a further rise in price. I’m waiting for the correction to 112.04-111.76 to buy USD with my take profit at 114.53 and stop loss slightly below 111.76.As long as price remains above 112.04-111.76 only long positions look ideal and may be recommended.

Trade recommendation

Wait for a correction to 112.04-111.76 to buy USD with your take profit at 114.53 and stop loss slightly below 111.76.

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.