Inside Bar on USD/JPY

Inside Bar on USD/JPY

On the USD/JPY currency pair, the bullish sentiment is prevailing. The current technical pattern signals a further increase in quotes. A classic Price Action pattern, Inside Bar, (H1 timeframe) has been formed in the trading instrument, which at the moment acts as a formation for the continuation of the upward trend. The USD/JPY quotes are testing the local resistance of 106.400. We recommend paying attention to this situation.

If the price fixes above 106.400, the USD/JPY purchases should be considered. The immediate goal for profit-taking is the resistance level of 106.750. In the medium term, the trading instrument may reach 107.250-107.500. Confirmations and market entry points must be looked for on lower timeframes. When tracking positions, we recommend using a trailing stop.

by JustForex, 2019.09.02

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akun

Dapatkan Analisis Gratis

* bidang wajib diisi
Artikel Terakhir
Semua Artikel
Pernyataan Kebijakan Moneter: Hal yang Perlu Anda Ketahui
Hampir setiap bulan di kalender ekonomi, trader bisa melihat adanya acara seperti risalah rapat kebijakan moneter. Sebagai aturan umum, selagi protokol ini berlangsung, volatilitas meningkat dengan tajam. Mari kita cari tahu apakah protokol ini dan apakah memungkinkan menghasilkan uang dari situ.
Baca lebih lanjut