Expecting a momentum to the upper side | 19 Oktober 2023

19 Oktober 2023, USD/JPY

Expecting a momentum to the upper side

Technical observation

USD pulled back to the supportive zone 138.75-138.22 for a second time then bounced within it and since then it has been trading with an increasing bullish bias, today I expect the price to ascend even further and if you are already holding bullish positions, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.66. If there is a clear break above the level 151.97 with a big green candle, wait for a correction to the broken line before you continue long with this pair, contrary, if there is a decline below the zone 138.75-138.22, short USD towards the supportive levels 126.78, 112.70 and 102.05.

Trade recommendation

Remain long 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.