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Remain long

Remain long | 27 June 2023

27 June 2023, USD/JPY

Technical observation

Since it bounced within the zone 128.11-127.08 USD has been trading with an increasing bullish bias and this week I expect it to ascend even further, In case you are already holding bullish positions with this pair, remain in the trade with your take profit at 151.83 and stop-loss at 121.21. If there is a clear beak above the level 151.83, wait for a correction and a rejection at it before you continue long, as it is on the weekly chart above, as long as USD is contained above the zone 128.11-127.08, only bullish positions look ideal and can be recommended, I can only recommend short positions in case of a clear break below the zone 128.11-127.08.

Trade recommendation

Remain long with your take profit at 151.83.

Imelda Maseno
Analyst of «FreshForex» company
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