26 September 2023, USD/JPY
Technical observation
USD has been ascending steadily since it bounced within the supportive zone 144.68-144.39 and today I expect it to plummet even further to the upper side. If you are already holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.50 and stop-loss at 142.83. If there is a clear break above the level 151.50, I expect the price to ascend even further after a pullback and a bounce at the broken line, but should there be a clear breach below the zone I mentioned earlier with a big red candle, I expect the price to plunge towards the supportive levels 137.81, 130.63 or lower.
Trade recommendation
Remain long with your take profit at 151.50.
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