Remain neutral. | 16 Juni 2022

16 Juni 2022, USD/JPY

Remain neutral.

Technical observation

Yesterday price declined with a big red candle below the level 135.47 and today I expect a continuation of this bearish movement to the supportive zone 126.78-126.34 followed by a rejection within it to re-buy USD with my take profit at 135.47 and stop-loss at 123.88. In case of a clear break above the level 135.47, I expect price to ascend further after a correction to the broken line, however, should there be a clear break below the zone mentioned above, I anticipate a correction and a rejection within it followed by a rally to the lower side. On your way downwards the key levels to look for include 119.22, the zone 113.02-112.67 and the key level 104.97.

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.