07 Junio 2021, USD/JPY
Wave Analysis
Last week on Friday, the US dollar bounced of from the upper trendline and is still pretty much bearish both on the daily and on the weekly charts. As it is now, we expect a possible rally to the lowerside and should breakout below the lower trendline towards 107.249. And in case the price bounces off from the lower trendline, then this will be a good place to consider a possible long term buy position expecting the price to rally to the upperside towards 110.00 or even higher towards 115.00. A break beyond this level will push the price much higher towards 118.00.
Trade Recommendations:
We're sellers towards the lower trendline.
Profit within arm’s reach The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels. To ensure profitable trading, implement the FreshForex strategy today: 1) Deposit $90 or more in your trading account from June 2 to June 29, 2021. Your deposit is fully available for trading. 2) Send a request to school@freshforex.com and specify your account number. Make a note in the email that you want to receive a strategy.
en 
cn 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
