empty
 
 
24.02.2021 06:22 PM
USDJPY near 2021 highs

USDJPY remains in a bullish trend since the end of 2020. Price is moving steadily higher and higher. Price continues respecting key support trend line and is still making higher highs and higher lows. In our previous analysis when price was challenging the support trend line, we mentioned that this was the time to be bullish and open new long positions as the risk was minimal as price was trading very close to the stop level.

This image is no longer relevant

Blue line -support

Blue rectangle- target if support fails to hold

Black lines -Fibonacci retracement levels

USDJPY is back near the 2021 highs around 106 which was our target from January. Support is key at the trend line at 105. A break below 105 will most probably push price towards 104 at least. Price is approaching resistance of previous highs. Trend remains bullish and I would prefer to be neutral now that we are close to resistance if not remain bullish with a higher stop. I would not bet going against the trend as price could continue higher towards 106.60.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback