FX.co - USD/JPY analysis for September 01, 2021 - Watch for the breakout to confirm further direction

2021-09-01T12:04:47

Relevance until2021-09-02

Technical analysis:

USD/JPY analysis for September 01, 2021 - Watch for the breakout to confirm further direction

Gold has been trading sideways at the price of $1,812. I see potential for the breakout play in the next period.

Trading recommendation:

Watch for the breakout of the trading range to confirm further direction.

Downside breakout of support at $1,802 can confirm test of $1,790 and $1,782.

Upside breakout of the resistance at $1,817 can confirm test of $1,830

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ USD/JPY analysis for September 01, 2021 - Watch for the breakout to confirm further direction