Divergence on USD/JPY

Divergence on USD/JPY

On the USD/JPY currency pair, the bearish sentiment is prevailing for quite a long time. Nevertheless, a technical correction is not ruled out in the near future. A sufficiently strong reversal formation of the price and MACD divergence was formed in the trading instrument (H1 timeframe). The local resistance is the level of 106.250. We recommend you to pay attention to this situation.

If the price fixes above the "mirror" resistance of 106.250, you need to look for entry points to the market to open long positions. The closest goal of fixing profits is the mark of 106.850. In the medium term, USD/JPY can reach the supply zone of 107.500-108.00. When tracking the position, we recommend using a trailing stop.

by JustForex, 2018.02.16

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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