Triangle on USD/JPY

Triangle on USD/JPY

At the moment, purchases are prevailing on the USD/JPY currency pair. In the near future, the further growth of quotations is not excluded. A classical figure of the technical analysis, Triangle, (M15 timeframe) was formed in the trading instrument, which quite often acts as a continuation of the current trend. The price is testing the round level of 113.000. We recommend you to pay attention to this situation.

If the price fixes above the level of 113.000, you need to look for entry points to the market to open long positions. The closest target for fixing profit is the resistance level of 113.500. In the medium term, USD/JPY can reach a round level of 114.000. When tracking the position, we recommend using a trailing stop.

by JustForex, 2017.12.04

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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