Wait for a correction to the zone 127.25-126.23 | 28 Marzo 2023

28 Marzo 2023, USD/JPY

Technical observation

USD is pulling back to the supportive zone 127.25-126.23 and I expect a possible bounce within this zone followed by a rally to the lower side. My advice, remain flat and wait for a pullback to the zone 127.25-126.23 then buy a bounce within it with your take profit at 152.01 and stop-loss at 119.37. In case of a clear break above the level 152.01, continue long with this pair after a pullback to the broken line, however, if there is a clear break below the zone indicated above, wait for a retracement to it and a bounce before you pick short positions towards the supportive levels 101.17 and 76.33.

Trade recommendation

Wait for a correction to the zone 127.25-126.23 to buy USD.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus