We're looking for long term buy positions | 27 July 2021
27 July 2021, USD/JPY
Technical Observation:
Last week, the british pound bounced off from the supportive trendline, however, we are yet to see any clear moves to the upperside, while the price remains above this trendline, we are looking for long term buy positions towards the level indicated above, if the price should againbreak below the lower trendline, then we will be looking for a possible long term sell position towards the levels indicated below
At this point however, only buy positions looks ideal and can safely be recommended.
Trade Recommendations:
We're looking for long term buy positions
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.
