empty
 
 
08.04.2021 07:49 PM
USDJPY reaches pull back target

In our previous analysis on USDJPY we warned bulls that a bearish signal was given as price broke out of the bullish channel it was since January of 2020 and the 102.60 low. Price is moving lower towards our pull back target area and previous consolidation zone.

This image is no longer relevant

Blue lines- bullish channel

Yellow rectangle - support and pull back target area

Our pull back target area is at 109.15-108.40. Price is now on the upper range of this area. I expect price to continue lower. In the Daily chart above I have portrayed a bigger channel starting from December of 2020 taking into consideration the recent top and the highs of December 2020. After drawing the parallel to this line we find the lower channel boundary at 108.95 which we believe will be achieved soon. Breaking below 108.95 will open the way for a move towards 108.40. If this level is broken as well, then our next target will be 107.85.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $9000 lebih banyak!
    Pada Mei kami mengundi $9000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback