Remain bullish | 21 September 2023

21 September 2023, USD/JPY

Remain bullish

Technical observation

USD bounced within the supportive zone 128.11-127.08 for a second time and since then the price has been ascending steadily; currently USD IS trading with an increasing bullish bias and in case you are already holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.83 and stop-loss at 121.21. If there is a clear penetration above the level 151.83, remain neutral and wait for a pullback to the broken line before you continue long, on the other hand, if the price declines below the zone 128.11-127.08, I anticipate a possible surge towards the supportive level 101.17 or lower.

Trade recommendation

Remain long with your take profit at 151.83.

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 .