Remain long | 14 September 2023

Technical observation

USD has been trading with an increasing bullish bias since it bounced within the zone 138.75-138.22 and today I expect it to ascend even further. In case you are already holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.28, if there is a clear beak above the 151.97, I anticipate further bullish movements of price; contrary should there be a break below the zone 138.75-138.22, wait for a pullback to the broken zone before you continue short towards the supportive levels 126.78, 112.70 and the level 102.50.

Trade recommendation

Remain long with your take profit at 151.97.