Wait for a correction to the zone 127.35-126.81 | 19 Juli 2022

19 Juli 2022, USD/JPY

Wait for a correction to the zone 127.35-126.81

Technical observation

Yesterday the value of the pair on the daily chart above declined as I had predicted and today I expect a continuation of this bearish movement towards the supportive zone 127.35-126.81. My advice, remain flat and wait for a pullback to the zone mentioned above then pick long positions within it after a bounce with your take profit at 138.99 and stop-loss at 121.62. If this take profit is hit and there is a clear break above it with a big green candle, I expect price to rally further to the upper side, but should there be a clear break below the zone I have indicated above, I expect the value of USD to plunge towards the level 112.73.

Trade recommendation

Wait for a correction to the zone 127.35-126.81 to buy 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