Wait | 01 Marzo 2023

01 Marzo 2023, USD/JPY

Wait

Technical observation

USD rose above the zone 134.91-134.48 and it is currently trading with an increasing bearish bias above the just broken zone. This downwards movement is a correction to the zone indicated above and I expect a possible rejection of price within it followed by a rally to the upper side, however, my advice is, remain flat and wait for a second retracement to the zone 134.91-134.48 then buy a bounce within it with your take profit at 142.54 and stop-loss at 132.94. In case of a clear penetration above the level 142.54, continue long with this pair towards the upper resistance level 151.91 after a correction to the broken line.

Trade recommendation

Remain flat.

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.