Remain long | 31 Octubre 2023

31 Octubre 2023, USD/JPY

Remain long

Technical observation

Since it bounced within the zone 127.15-126.28 USD has been trading with an increasing bullish bias and this week I expect a further momentum to the upper side. In case you are already holding bullish positions, remain in the trade and pick your profits at 151.87. Should there be a clear break above the level 151.87, I anticipate the value of this pair to ascend further after a correction and a rejection at the broken line, on the other hand, if the price bounces at the level 151.87, wait for a pullback to the zone i mentioned earlier and buy a bounce within it with your take profit still at 151.87. On the chart above, I can only recommend short positions below the zone 127.15-126.28.

Trade recommendation

Remain long with your take profit at 151.87.

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.