20 Tháng bảy 2022, USD/JPY
Technical observation
On the 4 hour chart above price is trading with an increasing bearish bias between a supportive zone 136.80-136.80 and a resistance level 139.35, I expect a continuation of this bearish movement to the zone mentioned above followed by a rejection within it to pick long positions with my take profit at 139.35 and stop-loss at 135.75. As long as the value of USD is sustained above the zone 136.80-136.80, I can only recommend long positions, but if there is a clear break below the same zone with a big red candle, I expect bearish movements of price towards the supportive level 131.77 or even lower to the key levels 126.62 and 121.27.
Trade recommendation
Remain neutral.
en 
id 
ar 
ru 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 