We're looking for a possible long term buy positions towards 112.00 | 28 July 2021

28 July 2021, USD/JPY

Technical Observation:

USDJPY pulled back to the lowerside and is now around the previous week's opening price. While the price does not clearly break and close below it, we remain on the sidelines, a rebound from around the previouis week's opening price wikl mean we are looking for a possible long term buy position. On the otherside, should the price break below this opening price, then we will be expecting further rally to the lowerside.
Trade Recommendations:
We're looking for a possible long term buy positions towards 112.00
Imelda Maseno
Analyst of «FreshForex» company
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