Remain long | 18 Januari 2021

18 Januari 2021, USD/JPY

Technical observation

On the 4-hour chart above, price pulled back to the supportive zone 103.62-103.55 but could not break below it. Right now USD is trading with an increasing bullish bias and I expect this upwards movement to continue to the resistance line 104.69 followed by a penetration above it for a further surge to the upper side. My advice, if you bought USD within the zone 103.62-103.55 after a bounce, remain long with your take profit at 104.69 and stop loss at 103.21. In case of a clear penetration above the line 104.69 with a big green candle, wait for a correction to it before you continue long to the level 105.59.

Trade recommendation

Remain long with your take profit at 104.69.

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