We are long towards 151.88 | 15 November 2022

15 November 2022, USD/JPY

Technical observation

USD pulled back to the supportive zone 139.47-138.73 then bounced within it an currently it is trading with an increasing bullish bias, I expect a continuation of this upwards movement towards the resistance level 151.88 followed by either a clear break above it with a big green candle, or a rejection of price at it. If you picked bullish positions within the zone indicated above after a bounce, I recommend that you remain in the trade with your take profit at 151.88 and stop-loss at 135.14. Should there be a clear break below the zone I mentioned above with a big red candle, I expect the value of USD to plummet towards the supportive level 126.74.

Trade recommendation

Remain long with your take profit at 151.88.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .