USDJPY – Down
USD bounced within the zone it established at 138.64-137.90 and since then it has been trading with an increasing bearish bias. Today I expect a continuation of this downwards movement and in case you are currently holding short positions with the pair above, I recommend that you remain in the trade with your take profit at 126.78 and stop-loss at 142.61, if there is a clear break below the level 126.78, I expect the value of USD to descend further and my advice is that you wait for a pullback and a rejection at the broken level before you continue short with this pair towards the key levels 112.70 and 102.50 or lower.
Remain short with your take profit at 126.78.
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