Wait for a correction to buy USD | 01 Septiembre 2022

01 Septiembre 2022, USD/JPY

Technical observation

On the 4 hour chart above price is trading with an increasing bearish bias at the resistance level 139.48 and as long as it is sustained below this zone I expect a continuation of this downwards movement to the supportive zone 136.51-136.26 followed by a rejection within it. My advice, remain neutral and wait for a pullback to the zone I have mentioned above then buy a bounce within it with your take profit at 139.48 and stop loss at 134.91, should there be a clear break above the level 139.48, I expect the value of USD to rally further to the upper side, but in case of a break below the 136.51-136.26, I anticipate bearish momentum towards the level 131.91.

Trade recommendation

Remain flat.

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