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27.09.202107:13 विदेशी मुद्रा विश्लेषण और समीक्षा: USDJPY short-term bearish drop | 27th Sep 2021

Exchange Rates 27.09.2021 analysis

Price is holding above the ascending trendline support, however we are expecting the price to be making a short-term bearish drop as price has approached a strong resistance level where price reversed thrice at that level. We can expect the price to drop from the 1st Resistance and ride the bearish momentum towards the 1st Support in line with 100% Fibonacci Projection and 78.6% Fibonacci Retracement. Our short-term bearish bias is further supported by the Stochastic indicator where the %D line touches the resistance level awaiting for a drop.

Trading Recommendation

Entry: 110.813

Reason for Entry:

78.6% Fibonacci Projection

Take Profit: 109.120

Reason for Take Profit:

100% Fibonacci Projection and 78.6% Fibonacci Retracement

Stop Loss: 111.652

Reason for Stop Loss:

-61.8% Fibonacci Extension and 127.2% Fibonacci projection

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Dean Leo,
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© 2007-2021
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