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Remain long with your take profit at 152.01.

Remain long with your take profit at 152.01. | 31 March 2023

31 March 2023, USD/JPY

Remain long with your take profit at 152.01.

Technical observation

For the past few weeks USD retraced slightly to the lower side however this week the price rose with a big green candle and in case you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at the level 152.01 and stop-loss at 119.07, if there is a clear break above the level 152.01, I expect the price to ascend further after a pullback to the broken line, on the other hand, should there be a clear break below the zone 126.23-127.35 with a big red candle, I anticipate possible bearish movements towards the supportive levels 101.17 and 76.33.

Trade recommendation

Remain long with your take profit at 152.01.

Imelda Maseno
Analyst of «FreshForex» company
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