Expect a momentum towards 109.32 | 26 Julio 2021

26 Julio 2021, USD/JPY

Expect a momentum towards 109.32

Technical observation

On the 4 hour chart above, price retraced to the resistance zone it established at 110.62-110.58, it bounced below the zone and is currently rallying to the lower side. I expect a momentum to the supportive level 109.32 followed by a clear breakout below it with a big red candle for a further surge to the lower side. If you sold USD within the zone 110.62-110.58 after a bounce, remain short with your take profit at 109.32 and stop loss at 110.91. In case of a clear breakout below the level 109.32 with a big red candle, wait for a correction to the broken line and a bounce at it before you continue short towards 107.61.

Trade recommendation

Remain short with your take profit 109.32.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus