We are bullish towards 151.97. | 21 July 2023

Technical observation

USD pulled back to the supportive zone it established at 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 if you already bought this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.47. If the price rises above the level 151.97, wait for a pullback to the broken line and a bounce at it before you continue long with this pair. As it is on the chart above, as long as the value of USD is contained above the zone 138.75-138.22, I can only recommend bullish positions.

Trade recommendation

Remain long with your take profit at 151.97.