05 October 2023, USD/JPY
Technical observation
USD retraced to the supportive zone 144.61-144.43 for a second time then bounced within it and since then it has been trading with an increasing bullish bias, today I expect a continuation of this upwards movement and in case you are already holding bullish positions, I recommend that you remain in the trade with your take profit at 151.50, if the price bounces at the level 151.50, wait for another correction to the zone I mentioned earlier to re-buy USD; on the other hand, if there is a clear break above the level i have indicated above, wait for a correction to the broken line before you continue long with USD.
Trade recommendation
Remain long with your take profit at 151.50.