Remain long | 13 October 2023

Technical observation

On the 4 hour chart above, the value of USD has been trading with an increasing bullish bias since it bounced within the supportive zone 144.75-144.56; today the price opened bullish and I expect a continuation of this upwards movement to the resistance level 150.07. If you are holding bullish positions now, remain in the trade and pick your profits at 150.07, should there be a clear break above the level 150.07, wait for a retracement to the broken line and a bounce at it before you continue long, and if there is a rejection at the level 150.07, I recommend that you wait for another pullback to the zone 144.75-144.56 to re-buy USD.

Trade recommendation

Remain long with your take profit at 150.07.