Wait | 05 Juli 2022

05 Juli 2022, USD/JPY

Wait

Technical observation

For several weeks USD rose steadily to the resistance level 137.02 and currently it is trading below the same level with an increasing bullish bias. I expect either a loss of this upwards movement followed by a correction to the supportive zone 126.53-125.77, or a clear break above the level 137.02 with big green candle. In case of a retracement to the zone indicated above, pick bullish positions within it after a bounce with your take profit at 137.02 and stop-loss at 122.13 and should there be a clear break above the level 137.02, wait for a correction to it before you continue long with USD. I can only recommend short positions below the zone 126.53-125.77.

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

Tulis

Get bonus