We're bullish towards 107.82 | 08 Juli 2021

08 Juli 2021, USD/JPY

We're bullish towards 107.82

Technical observation

USD rose and broke above a resistance level 107.82 with a big green candle. It then retraced to the just broken line but could not penetrate below it, price was sustained above the level I have mentioned above and for several weeks now it has been rising steadily towards the resistance zone 114.76-114.42. If you bought USD at the level 107.82 after a bounce, remain long with your take profit at 107.82 and stop loss at 106.34. In case of a clear breakout above the zone 114.76 -114.42 with a big green candle, I expect the value of this pair to plummet further to the upper side after a correction to the just broken zone .

Trade recommendation

Remain long with your take profit at 107.82.

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.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus