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
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .