still short towards 104.96 | 22 April 2020

22 April 2020, USD/JPY

Technical observation

USD is still rallying below the zone 107.99-107.86 with an increasing bearish momentum and I expect this downwards movement to continue to the support level marked at 104.96. In case there is a clear breakout below the line 104.96 with a big red candle, a further decline towards the key level 102.28 can be expected. If you sold this pair within the zone 107.99-107.86, remain short with your take profit at 104.96 and stop loss at 108.84. However, in case there be a clear breach above the zone 107.99-107.86 with a big green candle, a possible surge towards the resistance level 112.09 can be anticipated.

Trade recommendation

Remain short with your take profit at 104.96.

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.