We are neutral. | 04 Agustus 2022

04 Agustus 2022, USD/JPY

We are neutral.

Technical observation

USD declined to the supportive level 130.90-130-70 but could not break below it, however it bounced at the same zone and it is currently trading with an increasing bullish bias. This upwards movement is a correction to the 134.60 and I expect a rise to the same level followed by a rejection at it to pick short positions with my take profit at 130.90 and stop-loss at 135.99. If price breaks below the zone 130.90-130-70 with a big red candle, I expect surge to the lower side after a pullback to the broken zone. On your way downwards the key levels to look for include, 126.25, 121.15 and the lower supportive level 16.20.

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.