We are neutral.

30 November 2022, USD/JPY

We are neutral.

Technical observation

USD bounced within the resistance zone 142.14-142.40 then declined for a while and currently it is trading with an increasing bullish bias. This upwards movement is a pullback to the zone indicated above and today I expect price to rally further to the upper side. My advice, remain neutral and wait for a correction to the zone 142.14-142.40 then sell a bounce within it with your take profit at 136.13. In case of a clear break below the level 136.13, wait for a pullback to it before you continue short towards 130.39. On the chart above, I can only recommend bullish positions in case of a clear break above the zone 142.14-142.40.

Trade recommendation

Wait for a correction to the zone 142.14-142.40 to sell USD.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
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
Dengan senang hati, kami akan menjawab pertanyaan Anda


Get bonus