Wait | 20 Oktober 2021

20 Oktober 2021, USD/JPY

Wait

Technical observation

USD is still trading with an increasing bullish bias above the key level 114.07 it penetrated last week. My expectation is loss of this bullish movement followed by a retracement to the just broken line and a rejection at it to buy USD with my take profit at 121.53 and stop loss at 112.15. In case of a clear breakout above the level 121.53 with a big green candle, I expect price to ascend further towards the level 129.10. On the flip side, in case of a clear breakout below the supportive level 1114.07 with a big red candle, I expect bearish movements of price to the supportive zone 107.84-107.46 after a retracement to the broken line and a bounce at 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.