Remain neutral temporarily | 28 Octubre 2022

28 Octubre 2022, USD/JPY

Remain neutral temporarily

Technical observation

USD is trading with an increasing bearish bias slightly above the supportive zone 145.47-145.10 and I expect a continuation of this bearish movement to the same zone followed by a possible bounce within it. My advice, remain neutral temporarily and wait for a pullback to the zone indicated above then re-buy USD within it with your take profit at 151.50 and stop-loss at 142.92. If there is a clear break above the level 151.50 with a big green candle, I expect the value of this pair to ascend further after a correction and a rejection at the broken line. I can only recommend short positions in case of a break below the zone 145.47-145.10.

Trade recommendation

Remain neutral temporarily.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.