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Remain long

Remain long | 13 November 2023

13 November 2023, USD/JPY

Remain long

Technical observation

USD is trading with an increasing bullish bias slightly below the level 151.72 and I expect a rise to this line followed by a rejection of price at it. If you are holding bullish positions with this pair, you can pick your profits at the level indicated above, on the other hand, in case you are neutral with USD, wait for another correction to the supportive zone 147.58-147.33 to buy this pair, or a clear break above the level 151.75 to pick bullish positions. On the chart above, if the value of USD is sustained above the zone 147.58-147.33, only bullish positions is ideal and can be recommended.

Trade recommendation

Remain long with your take profit at 151.75.

Imelda Maseno
Analyst of «FreshForex» company
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