Expecting a rally to 126.78 | 23 Desember 2022

23 Desember 2022, USD/JPY

Expecting a rally to 126.78

Technical observation

USD pulled back to the resistance zone 139.08-138.25 but did not break above it, instead it bounced within the same zone and since then it has been trading with an increasing bearish bias. In case you sold this pair within the zone indicated above, I recommend that you remain in the trade with your take profit at 126.78 and stop-loss at 142.51. Should there be a break below the level 126.78 with a big red candle, I expect the value of this pair to plummet towards the supportive levels 112.70 and 102.83, on the other hand, in case of a clear break above the zone 139.08-138.25, I expect price to surge towards the resistance level 151.97.

Trade recommendation

Remain short with your take profit at 126.78.

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