Buy USDJPY towards 112.00. | 03 August 2021
03 August 2021, USD/JPY
Technical Observation
USDJPY bounced off from the lower trendline but is yet to show any clear moves to the upper side. As it is right now, I expect nothing but a possible rally much higher and should break above the upper trendline towards 112.90. Should the price breaks the lower trendline, then we will be looking for a possible rally much lower towards 107.435 and may continue much lower. If you are on this chart now, we are looking for long term buy positions towards 112.00.
Trade Recommendations:
Buy USDJPY towards 112.00.
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.
