Wait | 10 Agosto 2022

10 Agosto 2022, USD/JPY

Wait

Technical observation

USD is trading with an increasing bullish bias below the resistance level 138.58, however, I expect a loss of this upwards movement followed by a correction to the supportive zone 126.94-126.28. My advice, remain neutral and wait for a correction to the zone I have mentioned above then buy a bounce within it with your take profit at 138.58 and stop-loss at 122.11. If price breaks above the level 138.58 with a big green candle, I expect a further surge to the upper side after a correction to the broken line. As it is on the weekly chart above, I can only recommend short positions in case of a clear breakout below the zone 126.94-126.28.

Trade recommendation

Wait for a correction to the zone 126.94-126.28 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