Somos vendedores hacia la línea de tendencia más baja. | 30 July 2021

30 July 2021, USD/JPY

We're sellers towards 107.

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.
Imelda Maseno
Analyst of «FreshForex» company
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