Buy USDJPY towards 112.00. | 03 August 2021

03 August 2021, USD/JPY

Buy USDJPY towards 112.00.

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.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .