bearish towards 104.96 | 13 Mei 2020

13 Mei 2020, USD/JPY

Technical observation

USD retraced to the resistance zone it established around 107.99-107.79 but could not penetrate above it. Yesterday USD declined and I still expect more bearish price movements towards the supportive level 104.96. If you sold this pair within the above-mentioned zone after a bounce, remain short with your take profit at 104.96 and stop loss at 108.86. In case there is a clear penetration below the line 104.96, I expect further bearish price movements towards the lower supportive level 102.28. As it is on the daily chart above, I can only recommended long positions above the zone 107.99-107.79.

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

Tulis

Get bonus