We are bullish towards 151.97. | 21 Julio 2023

21 Julio 2023, USD/JPY

We are bullish towards 151.97.

Technical observation

USD pulled back to the supportive zone it established at 138.75-138.22 for a second time then bounced within it and since then it has been trading with an increasing bullish bias. Today I expect a further surge to the upper side and if you already bought this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.47. If the price rises above the level 151.97, wait for a pullback to the broken line and a bounce at it before you continue long with this pair. As it is on the chart above, as long as the value of USD is contained above the zone 138.75-138.22, I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 151.97.

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.