18 August 2022, USD/JPY
Technical observation
USD is trading with an increasing bullish bias below the resistance zone it established at 136.24-135.15, however, I expect a loss of this upwards movement followed by a momentum to the lower side, the anticipate bearish movement of price is a correction to the supportive level 130.71 and I expect a rejection of price at it to pick long positions with my take profit at 135.15 and stop-loss at 128.48. If there is a clear break above the zone I mentioned earlier with a big green candle, I expect the value of USD to surge further to the upper side after a pullback to the zone. I can only recommend short positions below the level 130.71.
Trade recommendation
Wait for a correction to the level 130.71 to buy USD.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 