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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