Sell a breakout below 107.152. | 02 August 2019
02 August 2019, USD/JPY
Technical Observation
After bouncing from the upper trendline, the US Dollar continued to the lowerside but could not go below the daily support level 107.152. We're waiting for a clear sign that the price has gone below this support to pick a long term sell order. With this sell position, we expect price to plunge even further low with the next ideal target being 100.00. On its way downwards, the key levels to look for is Jun's lowest low and 104.00. If price breaks below these levels, then further rally towards 100.00 is expected.
Trade Signal.
Sell a breakout below 107.152.
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.
