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Expecting a surge to 145.90

Expecting a surge to 145.90 | 26 September 2022

26 September 2022, USD/JPY

Expecting a surge to 145.90

Technical observation

On the chart above, price pulled back to the supportive zone 140.66-140.33 but did not break below it, instead it bounced within the same zone and since then it has been trading with an increasing bullish bias. Today I expect a continuation of this upwards movement towards the key level 145.90 and if you are currently holding long positions with the pair above I would recommend that you remain in the trade with your take profit at 145.90 and stop-loss at 139.9. A further surge to the upper side can be expected in case of a clear break above the level 145.90 with a big green candle and I can only recommend short positions below the zone 140.66-140.33.

Trade recommendation

Remain long with your take profit at 145.90.

Imelda Maseno
Analyst of «FreshForex» company
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