24 July 2023, USD/JPY
Technical observation
USD pulled back to the zone 138.75-138.22 then bounced within it and since then it has been trading with an increasing bullish bias, today I expect a further momentum to the upper side and if you picked bullish positions within the zone indicated above, remain in the trade with your take profit at 151.97 and stop-loss at 135.23, if there is a rise above the level 151.97,continue long with this pair after a correction to the broken line, however, if the price penetrates below the zone 138.75-138.22, wait for a correction to the broken zone before you pick short positions towards the key levels 126.78, 112.70 or lower to 102.50.
Trade recommendation
Remain long with your take profit at 151.97.