Wait for a sell from the upper trendline towards 102.590. | 01 Junio 2021

01 Junio 2021, USD/JPY

Technical Observation

USDJPY is currently pulling back to the upperside but is still below a significant dynamic resistance trendline. While the price remains below this trendline, I expect nothing but a sell position from the upper trendline. Aggressive traders can pick low risk buy positions towards the upper trendline, while conservative traders can wait for a rebound from the upper trendline to pick a possible long term sell positions towards 102.590. On its way to the lowerside, the key levels to look for include 107.665, 105.140.

Trade Recommendations:

Wait for a sell from the upper trendline towards 102.590.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.