Technical observation
USD pulled back to the supportive zone 138.75-138.22 then bounced within it and since then it has been trading with an increasing bullish bias, today I expect a further surge to the upper side and my advice is, remain bullish with your take profit at 151.97 and stop-loss at 135.61. In case the value of USD ascends above the level 151.97, wait for a pullback and a bounce at the broken line before you continue long with USD, on the other hand, if the price declines below the zone 138.75-138.22 with a big red candle, wait for a correction to this zone and a bounce within it before you pick short positions towards 126.78, 112.70 and 102.50.
Trade recommendation
Remain long with your take profit at 151.97.
Origin: FreshForex
