USDJPY – Down
Technical observation
USD has been ascending steadily since it bounced within the supportive zone 144.68-144.39 and today I expect it to plummet even further to the upper side. If you are already holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at 151.50 and stop-loss at 142.83. If there is a clear break above the level 151.50, I expect the price to ascend even further after a pullback and a bounce at the broken line, but should there be a clear breach below the zone I mentioned earlier with a big red candle, I expect the price to plunge towards the supportive levels 137.81, 130.63 or lower.
Trade recommendation
Remain long with your take profit at 151.50.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
