Remain long | 07 Julio 2023

07 Julio 2023, USD/JPY

Technical observation

USD bounced within the supportive zone 128.11-127.08 and since then it has been trading with an increasing bullish bias, this week the price rallied further to the upper side and I expect it to close bullish. If you are holding bullish position with USD, remain long and pick your profits at the resistance level 151.83. In case of a clear break above 151.83, wait for a pullback and a bounce at it before you continue long with USD, and should there be a rejection at it, remain neutral and wait for a another correction to the zone 128.11-127.08 to buy this pair. On chart above, short positions can only be recommended below the zone 128.11-127.08.

Trade recommendation

Remain long with your take profit at 151.83.

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.