Wait | 17 Agustus 2022

17 Agustus 2022, USD/JPY

Wait

Technical observation

USD is trading with an increasing bullish bias between a supportive zone 126.94-126.28 and a resistance level 138.52. However, I expect a loss of this bullish momentum followed by a correction to the zone I have stated above and a rejection of price within it. My advice, remain neutral and wait for a pullback to the zone mentioned above then buy a bounce within it with your take profit at 138.52 and stop-loss at 121.23. In case of a clear break above the level 138.52, I expect the value of USD to rise further, however, should there be a clear break below the zone 126.94-126.28, I expect USD to plunge towards the level 112.73.

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