11 Februari 2021, USD/JPY
Technical observation
USD did not increase to the upper side as I had anticipated; instead, it penetrated below a key level 104.86 and is currently trading below it with an increasing bearish bias. I expect this downwards movement to continue to the supportive zone 103.69-103.63 followed by a bounce at it. If you sold USD at the line 104.86 after a retracement to it, remain short with your take profit at 103.69 and stop loss at 105.11. Should there be a clear penetration above the line 104.86 with a big green candle, wait for a correction to it and a bounce confirming bullish movements of price before you buy USD.
Trade recommendation
Remain short with your take profit at 103.69.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the fifth portfolio developed by FreshForex specialists. In 2020, we proposed traders four investment portfolios, each of which demonstrated positive results. The total return was 71.5%.
2 steps to get the Invest-portfolio:
1. Fund your trading account with $50 or more from February 1 to 26, 2021.
2. Send a request to [email protected] with your account number funded.
en 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 