Remain flat | 27 Juli 2020

27 Juli 2020, USD/JPY

Remain flat

Technical observation

On the weekly chart above, price went down with a big red candle last week but did not reach the supportive zone 105.02-104.04. This week I expect further bearish rally towards the zone mentioned above followed by a clear breakout below it with a big red candle for bearish movements of price. My advice, remain flat and wait for a clear penetration below the zone 105.02-104.04 with a big red candle followed by a correction and a bounce within the zone to pick short positions with your take profit at 96.11 and stop loss at 106.79. In case price does not break below 105.02-104.04, we can expect bullish movement USD.

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

Tulis

Get bonus