Remain long | 10 Marzo 2023

10 Marzo 2023, USD/JPY

Remain long

Technical observation

USD retraced to the supportive zone 126.23-127.25 but could not break below it, instead it bounced within the zone and since then it has been trading with an increasing bullish bias. This week I expect a continuation of this upwards movement and in case you are currently holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 152.01. In case of a penetration above the level 152.01 with a big green candle, wait for a correction to the broken line before you continue long with this pair, on the chart above, I can only recommend short positions below the zone 126.23-127.25.

Trade recommendation

Remain long with your take profit at 152.01.

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.