Wait for a correction to the zone 138.93-138.64 | 10 Juli 2023

10 Juli 2023, USD/JPY

Wait for a correction to the zone 138.93-138.64

Technical observation

The value of the pair on the chart above is trading with an increasing bearish bias between the supportive zone 138.93-138.64 and the resistance level 144.89, this downwards movement is a pullback to the zone indicated above and I expect a possible rejection within it followed by a surge to the upper side. My advice, remain flat and wait for a correction to the zone 138.93-138.64 then buy a bounce within it with your take profit at 144.89 and stop-loss at 137.27. If there is a clear break above the level 144.89 with a big green candle, wait for a correction to it before you continue long with USD. On the chart above I can only recommend short positions below the zone 138.93-138.64.

Trade recommendation

Wait for a correction to the zone 138.93-138.64 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