23 August 2023, USD/JPY
Technical observation
USD has been trading with an increasing bullish bias since it bounced within the supportive zone 128.11-127.08 and this week I anticipate a further surge to the upper side. If you are already holding bullish positions with this pair, remain in the trade with your take profit at 151.83 and stop-loss at 121.31, should there be a rise above level 151.83, wait for a correction and a rejection at the broken line before you continue long with USD, on the other hand, if there is a decline below the zone I mentioned earlier with a big red candle, I expect the price to plunge towards the supportive levels 101.17 and 76.33.
Trade recommendation
Remain long with your take profit at 151.83.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 