Rebuy a bounce from the supportive trendline. | 10 July 2019
10 July 2019, USD/JPY
Techniocal Observation
The USDJPY has been making higher lows since yesterday and is still showing signs of rising even higher. While price is held above the supportive trendline, we're in an active up trend, but price needs to pullback first towards the same trendline to pick a buy. Also a breakout above 108.995 may culminate into further move to the upperside, but on the flip side, should price break below this trendline, then this is an ideal place pick sell order with an ideal place to take profit around 108.645.
Trade Recommendations:
Rebuy a bounce from the supportive trendline.
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.
