We're sellers towards the lower trendline. | 30 Juli 2021
30 Juli 2021, USD/JPY
Technical observation:
USDJPY continued on its way to the lowerside and is still pretty much bearish. As it is right now, we are looking for a possible long term sell position expecting a rebound from the lower trendline to pick a buy and a rebound from the upper trendline to pick a sell. If the price breaks above the upper trendline, we are buyers, if the price breaks below the lower trendline, then we are sellers with an ultimate target set around 107.
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