Wait for a correction to buy USD | 30 Juni 2021

30 Juni 2021, USD/JPY

Wait for a correction to buy USD

Technical observation

USD trading with in increasing bearish bias between a supportive zone 109.77-109.71 and a resistance level 114.04, this bearish movement is a correction to the zone I have mentioned above and I expect a loss of it within the same zone for a momentum to the upper side. My advice, wait for a correction to the zone 109.77-109.71 and a bounce at it to buy USD with your take profit at 114.04 and stop loss at 109.38. In case of a clear breakout above the level 114.04 with a big green candle, I expect a further momentum to the upper side after a retracement to then just broken zone. I can only recommend short positions below 109.77-109.71.

Trade recommendation

Wait for a correction to 109.77-109.71 to buy USD.

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