Remain long | 08 Oktober 2020

08 Oktober 2020, USD/JPY

Technical observation

USD has been rising steadily towards the resistance line 106.16 and right now, it is trading below it with an increasing bullish momentum. I expect either a rejection of this upwards movement at the line or a clear breakout above it with a big green candle. In case of a clear penetration below the line, wait for a pullback to it and a bounce before you buy USD with your take profit at 107.40 and stop loss at 105.83, and in case of a bounce at the line 106.16, wait for a correction to the zone 105.22-105.16 to re-buy USD. If you bought USD within 105.22-105.16 and is currently long, pick your profits at 106.16.

Trade recommendation

Remain long with your take profit at 106.16.

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