Sell USD within the zone 134.17-133.09 | 13 Febrero 2023

13 Febrero 2023, USD/JPY

Sell USD within the zone 134.17-133.09

Technical observation

USD broke below the supportive zone 134.17-133.09 with a big red candle then pulled back to just broken zone and it was sustained below it. Currently this pair is trading with an increasing bullish bias below the zone I have mentioned above and I expect a rejection within this zone followed by a rally to the lower side. My advice, remain flat and wait for a rejection within the zone I have mentioned above then sell USD within it with your take profit at 103.32 and stop-loss at 139.86. On the chart above, you can anticipate the value of USD to plummet further to the lower side in case of a clear break below the supportive level 103.31.

Trade recommendation

Sell USD within the zone 134.17-133.09 with your take profit at 103.31.

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.