Remain short with your take profit at 110.39 | 21 Februari 2019

21 Februari 2019, USD/JPY

Remain short with your take profit at 110.39

Technical observation

USD rose significantly to the upper side breaking above a key zone 110.87-110.84, it could not be contained above the zone and penetrated below it before correcting to it severally, currently USD is moving downwards and I expect more bearish momentum to the lower side to 110.39 and a break below it for a further decline in price towards 109.94.If you sold this pair within 110.87-110.84, hold on to that position with your take profit at 110.39 and stop loss at 110.98.Continue short with USD after a break below 110.39 and a correction to it confirming further bearish momentum. Only short can be recommended.

Trade recommendation

Remain short with your take profit at 110.39 and stop loss at 110.98.

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.