easyMarkets - Give me more

analytics58cbd0d816eeb.png

Recently, the USD/JPY pair has been trading sideways at the price of 113.09. According to the 4H time frame, I found a broken upward channel inside of the trading range. My advice is to watch for potential selling opportunities after the retracement. The first target is set at the price of 111.70 (low of the trading range).

Resistance levels:

R1: 113.50

R2: 113.65

R3: 113.90

Support levels:

S1: 113.00

S2: 112.85

S3: 112.60

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com

Get a £20 welcome bonus to try out the Plus 500 CFD trading platform, No deposit is required! Simply register a real money account at plus500, enter your mobile number and receive a validation code by SMS. Try out CFD trading on forex,stocks,commodities and more with no risk. *T&Cs apply - see the plus500 website here for more info.

 Comment on this article

Top Viewed This Week


Subscribe To Our Newsletter

Social Counters
/ Free WordPress Plugins and WordPress Themes by Silicon Themes. Join us right now!

Send this to friend