Wait | 10 Noviembre 2023

10 Noviembre 2023, USD/JPY

Wait

Technical observation

This week the value of USD has been trading with an increasing bullish bias at the level 151.35 and I expect it to close bullish, I also anticipate either a possible break above the level indicated above with a big green candle or a rejection of price at it, If you are holding bullish positions with this pair, pick your profits now at level 151.31. In case the price bounces at the same level, wait for another correction to the supportive zone 127.88-126.95 to re-buy USD with your take profit still at 151.35 and stop-loss at 119.49. On the chart above, I can only recommend bearish positions in case of a clear penetration below the zone 127.88-126.95.

Trade recommendation

Remain neutral.

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.