22 tháng Tám 2023, USD/JPY
Technical observation
The value of USD has been ascending steadily since it bounced within the supportive zone 138.75-138.22 and today I expect a further momentum to the upper side. In case you already picked bullish positions, my advice is, remain in the trade with your take profit at 151.97 and stop-loss at 135.66. If there is a rise above the level 151.97, wait for a correction and a bounce at this line before you continue long, on the other hand, should the price decline below the zone 138.75-138.22, short USD towards the supportive levels 126.78, 112.70 and 102.50 after a retracement to the broken zone and a rejection within it.
Trade recommendation
Remain long with your take profit at 151.97.
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