we are flat | 01 Juli 2022

01 Juli 2022, USD/JPY

we are flat

Technical observation

On the daily chart above price rose up to the resistance level 136.65 but could not break above it, instead it bounced below the level and it is currently trading with an increasing bullish bias. This downwards movement is a correction to the supportive level 126.81 and I expect a rejection of price at it to pick long positions with my take profit at 136.65 and stop-loss at 123.88. In case of a clear break above the level 136.65, I expect a price to ascend further after a correction to the broken line, however, should there be a clear break below the line 126.81, I expect the value of the pair above to plummet towards the level 113.20.

Trade recommendation

Wait for a correction to the level 126.81 to sell USD.

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