USD/JPY Technical Analysis For 20th August 2015, H4 | 20 8月 2015

20 8月 2015, USD/JPY

Technical View:

USD/JPY is trading with a bullish bias. the pair is trading above a significant support trend line, and support level 123.60. As long as the pair trades above the support trend line, long positions are recommended but with a stop at 124.56. In an alternative case, should the price breakout below the support trend line and also below the support 123.60, then short positions are recommended but with a stop at the 123.002, this downward movement is supported by the fact that, during the past few days, the pair has had very strong negative correlation of -0.93 with the other major currencies EUR and GBP.

Trade Recommendations.

As long as the pair trades above the support trend line, long positions are recommended with a SL at 124.56. Should the rate cross and close below the support trend line short positions are recommended.

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus