USDJPY – Down
Technical observation
USD bounced within the supportive zone 128.11-127.08 for a second time and since then the price has been ascending steadily; currently USD IS trading with an increasing bullish bias and in case you are already holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.83 and stop-loss at 121.21. If there is a clear penetration above the level 151.83, remain neutral and wait for a pullback to the broken line before you continue long, on the other hand, if the price declines below the zone 128.11-127.08, I anticipate a possible surge towards the supportive level 101.17 or lower.
Trade recommendation
Remain long with your take profit at 151.83.
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