Remain short towards 104.96 | 02 April 2020

02 April 2020, USD/JPY

Remain short towards 104.96

Technical observation

On the daily chart above USD corrected to a resistance zone 107.99-107.86 but it did not break above it and was contained. Since its rejection within the above-mentioned zone, USD has been trading on an increasing bearish momentum and I expect this downwards movement to continue towards the key level 104.96. If you sold USD within the zone 107.99-107.086 after a bounce, remain short with your take profit at the level 104.96 and stop loss at 108.69. As long as price is contained below the resistance zone 107.99-109.86, only downwards movements of his pair can be anticipated.

Trade recommendation

Remain short.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus