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Remain long

Remain long | 14 September 2023

14 September 2023, USD/JPY

Remain long

Technical observation

USD has been trading with an increasing bullish bias since it bounced within the zone 138.75-138.22 and today I expect it to ascend even further. In case you are already holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.28, if there is a clear beak above the 151.97, I anticipate further bullish movements of price; contrary should there be a break below the zone 138.75-138.22, wait for a pullback to the broken zone before you continue short towards the supportive levels 126.78, 112.70 and the level 102.50.

Trade recommendation

Remain long with your take profit at 151.97.

Imelda Maseno
Analyst of «FreshForex» company
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