empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

13.12.201917:17 Forex Analysis & Reviews: USD/JPY analysis for December 13, 2019 - Daily analysis, broken inverted head and shoulders pattern

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/JPY has been trading upwards in past 48 hours. I found the breakout of massive inverted head and shoulders pattern in the background, which is good confirmation for the further upside.

Exchange Rates 13.12.2019 analysis

Watch for buying opportunities with the upward targets at the price of 110.65 and 112.50. Stop loss level is set at 106.50.

The very important pivot level (neckline) is set at the price of 109.30.
Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off