Remain long | 04 Octubre 2023

04 Octubre 2023, USD/JPY

Technical observation

USD retraced to the supportive zone 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 in case you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.28. If the price clearly penetrates above the level 151.97 with a big green candle, I expect it to plummet further to the upper side after a correction and a bounce at the broken line, on the other hand, I expect USD to plunge towards 126.78 in case of a clear break below the zone 138.75-138.22.

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.