Wait | 03 Maret 2020

03 Maret 2020, USD/JPY

Wait

Technical observation

Recently price of USD went below a trend line it was trading above with a big red candle. Yesterday, price corrected itself to the line and was contained below it. My expectation is the price should continue to decline towards the level 106.75 followed by a break below it and a correction for a further decline towards the lowest support 104.45. My advice, wait for a correction to the line shown on the chart above followed by a rejection at it to sell USD with your take profit at 106.75 and stop loss at 108.99. As long as USD is below the line indicated on the chart above only short positions can be recommended.

Trade recommendation

Wait for a correction to sell USD.

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.