Hello Traders,
Welcome to the second week of the month of July.
Let’s hit the charts fam
1. USD/JPY
Price on the USD/JPY spent the entire of last week trying to break out from resistance level 108.613 but was not successful.
This week we are resuming with price re-visiting the 108.613 level.
If a breakout is confirmed, there is a tendency that price will head to the next possible resistance level (109.783).
If the present resistance level rejects price, there is a possibility that price could bounce back to support level 107.674.
That’s all we have for today guys, you can check out our yesterday’s market analysis, some of the setups are already taking shape.
Alright ladies and gentlemen, join us tomorrow for another market analysis of your favorite setups.
