Wait for a pullback to the zone 137.70-137.36 | 24 May 2023

24 May 2023, USD/JPY

Wait for a pullback to the zone 137.70-137.36

Technical observation

USD rose and broke above the zone 137.70-137.36 with a big green candle before pulling back to it, currently this pair is showing signs of retracing to the zone Indicated above and I expect a possible bounce within it. My advice, remain neutral temporarily and wait for a correction to the zone I have mentioned above then buy a bounce within it with your take profit at 145.09 and stop-loss at 136.26. In case of a break above the level 136.26, wait for a correction to it before you continue long, right now as it is on the chart above, as long as the price is sustained above the zone 137.70-137.36, I can only recommend bullish positions.

Trade recommendation

Wait for a pullback to the zone 137.70-137.36 to buy USD.

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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus