Remain flat . | 11 Maret 2019

11 Maret 2019, USD/JPY

Technical observation

USD traded above 111.62-111.44 for several days before penetrating below it with a big red candle. It is currently rallying below the zone and my expectation is a correction to it followed by a bounce within it for downwards movement of price. Remain flat temporarily and wait for the correction to the above mentioned zone and a rejection within it to sell USD with your take profit at 109.111 and stop loss at 111.99.If this take profit is hit and there’s a clear penetration below it, wait for a confirmation of further bearish price rally before you continue short with this pair towards the key supportive level marked at 106.73.

Trade recommendation

Remain flat.

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.