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.
Origin: FreshForex
