We're bullish towards 105.70 | 11 November 2020

11 November 2020, USD/JPY

We're bullish towards 105.70

Technical observation

Following its rejection within the zone 104.96-104.91, USD has been trading with an increasing bullish bias, I expect this this pair to rise steadily towards the resistance line 105.70 followed by a clear breakout above it with a big green candle. If you bought USD within the zone mentioned after a bounce, remain long with your take profit at 105.70 and stop loss at 104.61. In case of a clear breakout above the line 105.70, wait for a pullback to it before you continue long with this pair towards the upper resistance line 106.58. Only bullish positions look ideal and can be recommended for the pair above.

Trade recommendation

Remain long with your take profit at 105.70.

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.