We're sellers towards the lower trendline. | 30 July 2021
30 July 2021, USD/JPY
Technical observation:
USDJPY continued on its way to the lowerside and is still pretty much bearish. As it is right now, we are looking for a possible long term sell position expecting a rebound from the lower trendline to pick a buy and a rebound from the upper trendline to pick a sell. If the price breaks above the upper trendline, we are buyers, if the price breaks below the lower trendline, then we are sellers with an ultimate target set around 107.
Trade Recommendations:
We're sellers towards the lower 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.
