Wait for a pullback to the zone 138.25-138.97 | 16 Februari 2023

16 Februari 2023, USD/JPY

Wait for a pullback to the zone 138.25-138.97

Technical observation

USD is trading with an increasing bullish bias slightly below the resistance zone 138.25-138.97, this upwards movement is a correction to the zone I have mentioned above and I expect a possible rejection within it followed by a momentum to the lower side. My advice, remain neutral and wait for a correction to the zone indicated above then sell a bounce within it with your take profit at 126.78 and stop-loss at 143.12. If there is a clear break below the level 126.78, I expect the value of USD to plummet further towards the supportive levels 126.78, 112.70 or lower, on the chart above, I can only recommend bullish positions above the zone 138.25-138.97.

Trade recommendation

Wait for a pullback to the zone 138.25-138.97 to sell USD.

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