We are flat | 03 Maret 2023

03 Maret 2023, USD/JPY

Technical observation

On the chart above USD broke above the resistance zone 134.91-134.48 and it is currently trading with an increasing bearish bias. This bearish movement is a correction to the just broken zone and I expect a rejection within it followed by a surge to the upper side. However, I recommend that you remain flat and wait for a second retracement to the zone I mentioned earlier before you pick bullish positions with your take profit at 142.45 and stop-loss at 133.08. In case of a penetration above the level 142.45 with a big green candle, I expect the value of this pair to ascend further towards the upper resistance levels 151.91.

Trade recommendation

Remain flat.

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.