We're bullish towards 110.50 | 13 Agustus 2021

13 Agustus 2021, USD/JPY

We're bullish towards 110.50

Technical observation

USD retraced to the zone 110.38-110.32 but did not penetrate below it, yesterday I expected a rise to the upper side but price did not move as anticipated, however, I still expect bullish movements of this pair towards the resistance level 111.50. If you picked long positions within the zone I have mentioned above after a bounce, remain long with your take profit at 110.50 and stop loss at 110.02. In case USD is not contained above the zone 110.38-110.32 and instead penetrates below it with a big red candle, wait for a pullback to the just broken zone and a rejection within it confirming a possible rally to the lower side before you short USD towards 109.62.

Trade recommendation

Remain long with your take profit at 110.50.

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