We're flat | 16 Juni 2021

16 Juni 2021, USD/JPY

We're flat

Technical observation

On the chart above, price is trading with an increasing bullish bias between a supportive zone 104.74-104.22 and a resistance level 114.53, in case of a momentum to the upper side followed by a clear breakout above the resistance level 114.53, I anticipate a further rise to the key level 125.70 after a correction to the just broken line. However, if price declines to the zone 104.74-104.22, you can buy USD within it after a bounce with your take profit at 114.53 and stop loss at 102.31. I can only recommend short positions in case of a clear penetration below the zone 104.74-104.22 followed by a correction to it.

Trade recommendation

Remain neutral.

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.