Wait | 14 Abril 2023

14 Abril 2023, USD/JPY

Technical observation

USD is trading with an increasing bearish bias between the resistance zone 138.67-137.90 and a supportive level 126.78. I expect either a loss of this downwards movement followed by a correction to the zone I have mentioned above, or a continuation of this bearish movement to the supportive level 126.78. In case of a pullback to the zone I mentioned above sell USD within it with your take profit at 126.78 and stop-loss at 142.43, if price penetrates below the level 126.78, I expect it to plummet towards the supportive levels 112.70, 102.50 or lower. I can only recommend bullish positions above the zone 138.67-137.90.

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.