Wait for a correction to buy USD | 14 Januari 2022

14 Januari 2022, USD/JPY

Wait for a correction to buy USD

Technical observation

Last week USD rose above the zone 114.43-113.91 with a big green candle and this week, the value of this pair has been trading with an increasing bearish bias. This bearish movement is a retracement to the just broken zone and my expectation is a bounce within the zone followed by a surge to the upper side. I would advise that you remain flat and wait for a retracement to the zone 114.43-13.91 then buy a bounce within it with your take profit at 123.23 and stop loss at 112.13. If price rises steadily and clearly penetrates above the resistance level 123.23 with a big green candle, I expect the value of this pair to ascend to 125.62.

Trade recommendation

Wait for a correction to the zone 114.43-113.91 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