Sell USD within the zone 130.83-131.15 | 06 Februari 2023

06 Februari 2023, USD/JPY

Sell USD within the zone 130.83-131.15

Technical observation

On the 4 hour chart above price pulled back to the resistance zone 130.83-131.15 but did not break above it, instead it closed bullish below the same zone and this week I expect a possible surge to the lower side. My advice is, sell this pair within the zone I have mentioned above with your take profit at 123.44 and stop-loss at 132.48, in case of a penetration below the level 123.44 wait for a correction to it before you continue short, and should there be a clear break above the zone 130.83-131.15 you can expect the value of this pair to rise towards the resistance levels 137.84, 143.90 or even higher to 151.68.

Trade recommendation

Sell USD within the zone 130.83-131.15 with your take profit at 123.44.

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