28 Julio 2023, USD/JPY
Technical observation
On the chart above, USD is trading within the supportive zone 138.75-138.22 with an increasing bearish bias, this is a third retracement to this zone and I anticipate a bounce within it followed by a rally to the upper side. My advice pick bullish positions now within the zone I mentioned earlier with your take profit at 151.97 and stop-loss at 135.23, in case of a break above the level 151.97, continue long with this pair after a pullback to the broken line, however, I expect the value of this pair to plunge towards the supportive levels 126.78, 112.70 and 102.50 in case of a clear penetration below the zone 138.75-138.22.
Trade recommendation
Buy USD within the zone 138.75-138.22 with your take profit at 151.97.
en 
id 
ar 
ru 
vn 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 