Short towards 106.39 | 14 Mei 2020

14 Mei 2020, USD/JPY

Short towards 106.39

Technical observation

On the hourly chart above, price penetrated below the supportive zone 106.69-106.92 then retraced to it and was contained below it. After a rejection within the zone mentioned above, this pair has been trading with an increasing bearish momentum and I expect this bearish price rally to continue to the supportive zone marked around 106.39-106.36 followed by a possible breakout below it. If you sold USD within the zone 106.69-106.92 after a bounce, remain short with your take profit at 106.39 and stop loss at 107.09. As long as price is contained below the zone 106.69-106.92, only short positions are ideal.

Trade recommendation

Remain short with your take profit at 106.39.

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