empty
 
 

06.05.202110:03 Forex Analysis & Reviews: USDJPY facing bullish pressure, potential for further upside!

Exchange Rates 06.05.2021 analysis

Prices are facing bullish pressure from breaking out of the triangle squeeze and is looking to take support from retest of trendline together with horizontal pullback support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement as well as 127.2% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement and 161.8% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.

Trading Recommendation

Entry: 109.293

Reason for Entry:

Ascending trendline support, horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit: 109.697

Reason for Take Profit:

Horizontal swing high resistance, 127.2% Fibonacci extension, 161.8% Fibonacci retracement

Stop Loss: 108.894

Reason for Stop Loss:

Horizontal swing low support, 127.2% Fibonacci retracement, 161.8% Fibonacci extension

*Analiza de piață publicată aici este menită să vă sporească conștientizarea, nu pentru a oferi instrucțiuni pentru a efectua un schimb.

Beneficiați de recomandările analiștilor chiar acum
Cont de tranzacționare top-up
Deschideți un cont de tranzacționare

Recenziile analitice InstaForex vă vor face pe deplin conștient de tendințele pieței! Fiind client InstaForex, vi se oferă un număr mare de servicii gratuite pentru tranzacționare eficientă.

Afișează mai multe
Nu puteti sa vorbiti acum?
Puneti intrebare in chat.