Wait | 31 July 2018
31 July 2018, USD/JPY
Technical Observation:
USD is currently bouncing from the upper trendline. While the price is rallying around this trend line, I'm waiting for a clear sell signal to pick a sell position with my take profit at 110.055. And should price breakout above this trendline, then I'll wait for a pullback to the just broken line to pick a long position with an ideal take profit at 112.535. A good place to sell this pair is if the price can break below 110.535, this being the case, I'll equally wait for a pullback to the broken line to pick a sell position.
Trade Signal.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
