Remain flat | 24 September 2020

24 September 2020, USD/JPY

Remain flat

Technical observation

USD did not decline as I had predicted yesterday, instead it penetrated above a resistance zone 105.22-105.16 with a big green candle and is currently rallying above it with an increasing bearish momentum. If this bearish rally is rejected within the above-mentioned zone, it will confirm a possibility of bullish movements towards 106.16, however, if price is not contained within 105.22-105.16 and instead break below the same zone then the break above 105.22-105.16 was false and you can expect bearish rally after a correction to it. Right now remaining neutral with USD is ideal than picking any position.

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