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Rebuy a bounce from the supportive trendline.

Rebuy a bounce from the supportive trendline. | 10 July 2019

10 July 2019, USD/JPY

Rebuy a bounce from the supportive trendline.

Techniocal Observation

The USDJPY has been making higher lows since yesterday and is still showing signs of rising even higher. While price is held above the supportive trendline, we're in an active up trend, but price needs to pullback first towards the same trendline to pick a buy. Also a breakout above 108.995 may culminate into further move to the upperside, but on the flip side, should price break below this trendline, then this is an ideal place pick sell order with an ideal place to take profit around 108.645.

Trade Recommendations:

Rebuy a bounce from the supportive trendline.

Imelda Maseno
Analyst of «FreshForex» company
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