Remain long | 23 Maret 2022

23 Maret 2022, USD/JPY

Remain long

Technical observation

For the past two consecutive weeks USD rose steadily and since the beginning of this week it has been trading with an increasing bullish bias. I expect a further momentum to the resistance level 123.23 followed by either a bounce at it or a clear breakout above it with a big green candle. If you are currently holding bullish positions with the pair above, remain long with your take profit at 123.23 and stop-loss 111.66. In case of a clear breakout above the level 123.23 wait for a correction and a bounce at it before you continue long towards 129.27. However, if price is rejected at the same line, wait for a pull back to the zone 114.15-113.67 to re-buy USD.

Trade recommendation

Remain long with your take profit at 123.23.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus