we are neutral | 24 Desember 2021

24 Desember 2021, USD/JPY

we are neutral

Technical observation

On the 4 hour chart above, price broke above the zone 113.84-113.75 with a big green candle and since then it has been rising steadily towards the resistance level 114.75. I expect a loss of this upwards movement at the same level followed by a correction to the above mentioned zone and a rejection within it to buy USD with my take profit at 114.75 and stop loss at 113.31. Should there be a clear penetration above the level 114.75 with a big green candle; further bullish movement towards the upper resistance level 115.51 can be anticipated. I can only recommend short positions below the zone 113.84-113.75.

Trade recommendation

Remain flat.

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.