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Remain long with your take profit at 135.66.

Remain long with your take profit at 135.66. | 25 October 2023

25 October 2023, USD/JPY

Remain long with your take profit at 135.66.

Technical observation

USD has been ascending steadily since it bounced within the supportive zone 138.75-138.22 and today I expect a further surge to the upper side. If you bought this pair within the zone indicated above, remain in the trade with your take profit at 151.97 and stop-loss at 135.66. In case the value of USD breaks above the level 151.97, I recommend that you continue long with this pair after a correction and a rejection at the broken line, but in case of a bounce at the same level, wait for another correction to the zone 138.75-138.22 to re-buy USD with your take profit still at 151.97. On the chart above, I can only recommend short positions below the zone 138.75-138.22.

Trade recommendation

Remain long with your take profit at 135.66.

Imelda Maseno
Analyst of «FreshForex» company
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