18 Tháng Chín 2023, USD/JPY
Technical observation
USD has been trading with an increasing bullish bias for several days now and today I expect it to rise even further. In case you are already holding bullish positions, remain in the trade with your take profit at 151.97 and stop-loss at 135.23. If there is a clear break above the level 151.97, remain flat and wait for a retracement to this level before you continue long, however, if there is a clear break below the zone 138.75-138.22, I anticipate possible bearish movements of price after a correction and a rejection within the broken zone. On your way downwards the key levels to look for include 126.78, 112.79 and 102.50.
Trade recommendation
Remain long with your take profit at 151.97.