Expecting a pullback to the zone 131.41-130.79 | 06 Julio 2022

06 Julio 2022, USD/JPY

Expecting a pullback to the zone 131.41-130.79

Technical observation

On the daily chart above price is trading with an increasing bullish bias slightly below the resistance level 137.01 and i expect a loss of this upwards movement at the level mentioned above followed by a retracement to the supportive zone 131.41-130.79, my advice, remain neutral and wait for a correction to the zone I have indicated above then pick long positions within it with your take profit at 137.01 and stop-loss at 127.19. If this take profit is hit and there is a clear break above it with a big green candle, I expect price to ascend further after a correction to the broken line. I can only recommend short positions in case of a clear break below 131.41-130.79.

Trade recommendation

Wait for a correction to the zone 131.41-130.79 to buy USD.

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