Remain long | 29 Mei 2020

29 Mei 2020, USD/JPY

Remain long

Technical observation

The pair on the hourly chart is trading on an upward trend and is currently rallying between a supportive zone 107.37-107.35 and a resistance line 107.93. My expectation is either a decline to the supportive zone and a rejection within it, or a rise to the resistance line followed by a clear penetration above it. In case of a decline and a rejection within 107.37-107.37, buy USD within it with your take profit 197.93 and stop loss at 107.25. Should there be a clear penetration below the zone 107.37-107.35 with big red candle, wait for a correction to the just broken zone before you pick short positions towards 106.88.

Trade recommendation

Remain flat.

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.