We are bullish towards 151.97 | 23 June 2023

23 June 2023, USD/JPY

We are bullish towards 151.97

Technical observation

USD broke above the zone 138.75-138.22 then pulled back to it and it was sustained above the same zone, since then the price has been trading with an increasing bullish bias and as long as it is sustained above this zone I expect a further surge to the upper side. My advice, if you are already holding bullish positions, remain in the trade with your take profit at 151.97 and stop-loss at 135.23, in case of clear break above the level 151.97, I expect the value of this pair to ascend after a correction to the broken line, on the other hand if there is break below the zone 1.2669-1.2609, I expect the price to plummet towards 126.78.

Trade recommendation

Remain long with your take profit at 151.97.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus