Remain short with your take profit at 127.21. | 24 April 2023

24 April 2023, USD/JPY

Remain short with your take profit at 127.21.

Technical observation

USD retraced to the resistance zone it established at 134.83-135.15 then bounced within it and since then it has been trading with an increasing bearish bias. As long as the price is sustained below the zone indicated above, I expect a further surge to the lower side and my advice is, remain in the trade with your take profit at 127.21 and stop-loss at 135.74. In case of a break below the supportive level 127.21, wait for a pullback to it before you continue short with this pair, however, if the price rises above the zone 134.83-135.15, I expect it to ascend further towards the resistance levels 142.45 or higher to 148.95.

Trade recommendation

Remain short with your take profit at 127.21.

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.