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Remain long with your take profit at 151.91.

Remain long with your take profit at 151.91. | 31 August 2023

31 August 2023, USD/JPY

Remain long with your take profit at 151.91.

Technical observation

USD pulled back to the supportive level 144.49 for a second time but did not break below it, however, it bounced at this line and since then it has been trading with an increasing bullish bias, today I expect the price to plummet further to the upper side and if you already bought this pair at the level I have mentioned above, I recommend that you remain in the trade with your take profit at 151.91 and stop-loss at 142.91, if there is a rise above the level 151.91, continue long after a correction to the broken line, but should there be a clear break below the level 144.49, I expect the value of this pair to plunge towards the level 138.15.

Trade recommendation

Remain long with your take profit at 151.91.

Imelda Maseno
Analyst of «FreshForex» company
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