We're bullish towards 107.91 | 25 Februari 2021

25 Februari 2021, USD/JPY

We're bullish towards 107.91

Technical observation

USD continues to rise steadily towards the resistance line 107.91. My expectation is a rejection of this upwards movement at the same line followed by a correction to the supportive zone 104.76-104.57 to re-buy USD. However, this pair could still break above the level 107.91 with a big green candle, if this happens, I anticipate a correction to it and bounce followed by bullish movements of price towards the upper resistance line 112.08. If you are currently long with this pair, remain in the trade with your take profit at 107.91 and stop loss at 102.99. I can only recommend short positions below 104.76-104.57.

Trade recommendation

Remain long with your take profit at 107.91.

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.

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