Expecting bullish movements of price. | 08 Julio 2022

08 Julio 2022, USD/JPY

Expecting bullish movements of price.

Technical observation

USD is trading with an increasing bullish bias below the resistance level 136.65, I expect a loss of this upwards movement followed by a surge to the supportive zone 126.81-127.25. My advice, if you are currently holding bullish positions with the pair above, remain in the trade and pick your profits at 136.65, however, if you are flat I would recommend that you remain neutral and wait for another correction to the zone mentioned above then buy a bounce within it with your take profit at 136.65 and stop-loss at 123.19. You can expect a further momentum to the upper side In case of a break above the level 136.65.

Trade recommendation

Remain long and pick you profits at 136.65.

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.