Remain bullish | 07 Agustus 2023

07 Agustus 2023, USD/JPY

Remain bullish

Technical observation

USD retraced to the supportive zone 138.75-138.22 three consecutive times but did not break below it, instead it bounced within this zone and since then it has been trading with an increasing bullish bias, today I anticipate a further momentum to the upper side and if you picked bullish positions within the zone mentioned above, remain in the trade with your take profit at 151.97 and stop-loss at 135.66. If the price ascends above the level 151.97, I expect the value of this pair to rally further to the upper side, contrary in case of a penetration below the zone 138.75-138.22; I expect the price to plunge towards levels 126.78, 112.70 or lower to 102.50.

Trade recommendation

Remain bullish with your take profit at 151.97.

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