Remain flat | 22 Juli 2019

22 Juli 2019, USD/JPY

Remain flat

Technical observation

On the 4-hour chart above, USD broke below a support 107.78 with a big red candle then pulled back to the just broken line but penetrated above it, right now price is trading on an increasing bullish momentum above the line and I expect bearish movements to 107.78. In case price declines to 107.78 and breaks below it then the penetration above 107.78 was false and downwards movements of USD can be expected after a correction and a bounce at the line, however, if USD retraces to 107.78 and is rejected at it then bullish movements towards 108.58 can be expected. Right now remain flat and wait.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.