Wait | 08 Junio 2023

08 Junio 2023, USD/JPY

Wait

Technical observation

USD rose above the zone 138.75-137.90 and it is currently trading with an increasing bullish bias above the same zone. Today I expect a loss of this upwards movement followed by a pullback to the zone indicated above, however, I recommend that you wait for a second correction to the supportive zone 138.75-137.90 before you pick bullish positions with your take profit at 151.97 and stop-loss at 135.25. On the chart above, as long as the price is sustained above the zone 138.75-137.90, only bullish positions look ideal and can be recommended, if the price penetrates below the zone 138.75-137.90, you can expect it to plunge towards 126.78.

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.