22 September 2023, USD/JPY
Technical observation
USD has been trading with an increasing bullish bias since it bounced within the supportive zone it established at 144.68-144.36, in case you already picked bullish positions; I recommend that you remain in the trade with your take profit at 151.92 and stop-loss at 142.83. If the price breaks above the level 151.92 with a big green candle, I expect the value of USD to ascend further to the upper side after a correction and a bounce at the broken line, contrary I anticipate possible bearish movements of price towards the supportive levels 137.70 and 127.31 should there be a clear penetration below the zone 144.68-144.36.
Trade recommendation
Remain long with your take profit at 151.92.
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