Remain flat. | 04 Oktober 2022

04 Oktober 2022, USD/JPY

Technical observation

On the daily chart above price has been stagnating slightly below the resistance level 144.83 and my expectation is a correction to the supportive zone 132.14-131.48 or a clear break above the level mentioned above. Today I anticipate possible bearish movements towards the zone indicated above and I would recommend that you remain neutral and wait for a correction to the same zone then pick long positions within it after a bounce with your take profit at 144.83 and stop-loss at 126.79. As it is on the weekly chart above, as long as price is sustained above the zone 132.14-131.48, I can only recommend bullish positions.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus