USDJPY – Down
Technical observation
USD is still consolidating between the resistance level 144.97 and the supportive level 141.67 and currently it is trading with an increasing bullish bias, however, I expect a loss of this upwards movement followed by a momentum towards the level 141.67. My advice remain flat and wait for a correction to the level 141.67 then buy a bounce at it with your take profit at 144.97 and stop-loss at 140.84, If price clearly breaks above the level 144.97, I expect it to plummet further to the upper side, but in case of a break below the level 141.67, I expect a possible surge to the lower side towards the supportive level 139.14.
Trade recommendation
Remain neutral.
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