Remain flat | 31 Juli 2020

31 Juli 2020, USD/JPY

Remain flat

Technical observation

USD is trading with an increasing bearish momentum above a supportive zone it established around 105.02-104.41, my expectation is a clear break below the zone with a big red candle followed by a retracement to it and a bounce within the zone for a surge to the lower side. My advice, remain flat and wait for a clear breakout below the zone 105.02-104.41 followed by a correction and a bounce within it to sell USD with your take profit at 96.11 and stop loss at 107.14. On the weekly chart above, only short positions look ideal and can be recommended below the supportive zone 105.02-104.41.

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.