We are long towards 110.96 | 06 Mei 2021

06 Mei 2021, USD/JPY

Technical observation

USD declined and broke below the supportive zone 108.37-108.22 but it was not contained below it, it then rose above the same zone, retraced to it and bounced within the zone 107.38-108.22, price is currently trading with an increasing bullish bias and I expect this upwards movement to continue to the key level 110.96 followed by a clear breakout above it with a big green candle.My advice, if you are currently long with this pair, remain so with your take profit at 110.96 and stop loss at 107.47. In case of a clear breakout above the level 110.96 with a big green candle, wait for a correction to it and rejection before you continue long.

Trade recommendation

Remain long with your take profit at 110.96.

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.