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Remain long with your take profit at 151.97.

Remain long with your take profit at 151.97. | 30 August 2023

30 August 2023, USD/JPY

Remain long with your take profit at 151.97.

Technical observation

USD has been trading with an increasing bullish bias for several days now and today i anticipate a further momentum to the upper side. If you are already holding long positions with this pair, remain in the trade with your take profit 151.97 and stop-loss at 135.23. If there is a clear break above the level 151.97 with a big green candle, remain flat and wait for a retracement to this zone before you continue long, contrary should there be a penetration below the supportive zone 138.43-138.01, wait for a correction to this zone before you pick short positions towards the key levels 126.78, 112.70 and 102.50.

Trade recommendation

Remain long with your take profit at 151.97.

Imelda Maseno
Analyst of «FreshForex» company
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