Pick long positions within 136.37-136.23 | 26 Agustus 2022

26 Agustus 2022, USD/JPY

Pick long positions within 136.37-136.23

Technical observation

USD is trading with an increasing bearish bias above the supportive zone 136.37-136.23 and I expect a loss of this downwards movement within the same zone followed by a rally to the upper side. My advice, remain flat and buy a bounce within the zone indicated above with your take profit at 137.70 and stop-loss at 135.49. If there is a clear break above the level 137.70, I expect the value of USD to ascend further after a pullback to the broken line, however, in case of a break below the zone 136.37-136.23 with a big red candle, I expect price to plummet towards the supportive level 134.75 or even lower to the level 132.67.

Trade recommendation

Buy USD within 136.37-136.23 with your take profit at 137.70.

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