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We're short towards 107.868.

We're short towards 107.868. | 04 August 2021

04 August 2021, USD/JPY

We're short towards 107.868.

Technical Observation

After breaking below the lower trendline, USDJPY pulled back to the same trendline before heading straight to the lowerside. As it is right now, we are looking for a possible long term sell position. We are expecting the price to break below 107.868 and may breakout much lower. Should the price break below this line, then we will be expecting further momentum much lower and could see the price break below 105.375 and may extend much lower.

Trade Recommendations:

We're short towards 107.868.

Imelda Maseno
Analyst of «FreshForex» company
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