Your attention a technical analysis of the currency pair #Usdjpy:
The asset is locally in a downward movement, the angle of this decline is 11˚. A change in trend is not confirmed by an increase in the Range coefficient (Amplitude coefficient of motion), therefore, we consider this movement to be only a correction.
We assume that the currency pair has entered the zone of potential purchases and recommend considering current prices as an opportunity for purchases.
Factors affecting our position:
1. Consolidation above 108.93;
2. The asset is in the zone of potential purchases;
Stop Loss Level (#StopLoss): 108.40
Take Profit Level (#TakeProfit): 110.20 (I)
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
The asset is locally in a downward movement, the angle of this decline is 11˚. A change in trend is not confirmed by an increase in the Range coefficient (Amplitude coefficient of motion), therefore, we consider this movement to be only a correction.
We assume that the currency pair has entered the zone of potential purchases and recommend considering current prices as an opportunity for purchases.
Factors affecting our position:
1. Consolidation above 108.93;
2. The asset is in the zone of potential purchases;
Stop Loss Level (#StopLoss): 108.40
Take Profit Level (#TakeProfit): 110.20 (I)
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
