16 Tháng sáu 2023, USD/JPY
Technical observation
USD has been trading with an increasing bullish bias for several weeks now and this week it ascended further, if you are holding bullish positions i recommend you remain in the trade with your take profit at 151.83. In case the price penetrates above the level 151.83, wait for a correction and a bounce at it before you continue long, however, in case of a bounce at the same line, wait for a another correction to the zone 128.11-127.08 to re-buy USD. Should there be a clear break below the zone 128.11-127.08, I recommend you wait for a correction to the broken zone and a bounce at it before you short USD towards level 101.17 and 76.33.
Trade recommendation
Remain long with your take profit at 151.83.