Wait | 10 Agustus 2022

10 Agustus 2022, USD/JPY

Wait

Technical observation

USD is trading with an increasing bullish bias below the resistance level 138.58, however, I expect a loss of this upwards movement followed by a correction to the supportive zone 126.94-126.28. My advice, remain neutral and wait for a correction to the zone I have mentioned above then buy a bounce within it with your take profit at 138.58 and stop-loss at 122.11. If price breaks above the level 138.58 with a big green candle, I expect a further surge to the upper side after a correction to the broken line. As it is on the weekly chart above, I can only recommend short positions in case of a clear breakout below the zone 126.94-126.28.

Trade recommendation

Wait for a correction to the zone 126.94-126.28 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