USD/JPY technical analysis and Signal 1st July
1- Jerome Powell latest words dampened the probability of rate cut in July. this leads to stronger dollar.
2- The negotiations between China and USA about trade war also makes the dollar stronger.
3- The main trend is still down. a trade through 108.728 will make the trend to up.
4- also falling to 106.775 signals the resumption of down trend.
5- the main range is 106.775 to 109.930. The 50 % resistance will be 108.353 (today we saw it passed.)
Signals:
According to the chart and today's actions:
Buy: at 108.250
sl: 108.05
tp: 108.70
2- The negotiations between China and USA about trade war also makes the dollar stronger.
3- The main trend is still down. a trade through 108.728 will make the trend to up.
4- also falling to 106.775 signals the resumption of down trend.
5- the main range is 106.775 to 109.930. The 50 % resistance will be 108.353 (today we saw it passed.)
Signals:
According to the chart and today's actions:
Buy: at 108.250
sl: 108.05
tp: 108.70
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.