Remain flat | 25 Mei 2020

25 Mei 2020, USD/JPY

Remain flatRemain flat

Technical observation

On the daily chart above, price is trading below the resistance zone 107.99-107.79 with an increasing bullish momentum. My expectation is either a loss of this bullish movement within the above-mentioned zone for possible bearish price rally towards the supportive level 104.96, or, a clear penetration above the zone with a big green candle for bullish movements of price. In case of a rejection within the zone 107.99-107.79, sell USD within it with your take profit at 104.96 and stop loss at 108.73. However, in case of a clear breach above the zone, wait for a correction to it before you pick long positions.

Trade recommendation

Remain flat temporarily.

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