31 Maret 2023, USD/JPY
Technical observation
For the past few weeks USD retraced slightly to the lower side however this week the price rose with a big green candle and in case you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at the level 152.01 and stop-loss at 119.07, if there is a clear break above the level 152.01, I expect the price to ascend further after a pullback to the broken line, on the other hand, should there be a clear break below the zone 126.23-127.35 with a big red candle, I anticipate possible bearish movements towards the supportive levels 101.17 and 76.33.
Trade recommendation
Remain long with your take profit at 152.01.