We are neutral. | 28 Juli 2022

28 Juli 2022, USD/JPY

Technical observation

On the 4 hour chart above price is trading with an increasing bearish bias between a supportive zone it established at 134.70-134.49 and a resistance level 139.35. I expect a decline to the zone I have mentioned above followed by a rejection within it to pick bullish positions with my take profit at 139.35 and stop-loss at 132.94. In case of a break above the level 139.35, I expect a further surge to the upper side after a correction to the broken line, on the other hand, should there be a clear break below the zone 134.70-134.49, I expect price to descend towards the supportive 126.78 or even lower to the level 121.21.

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