USDJPY – Down
Technical observation
USD pulled back to the zone it established at 139.11-139.00 then bounced within it and it is currently trading with an increasing bearish bias. As long as the value of this pair is sustained below the same zone, I expect a further momentum to the lower side and in case you already sold this pair within the zone mentioned above, I recommend that you remain in the trade with your take profit at 136.29 and stop-loss at 139.49. Should the price decline below the level 136.29, wait for a correction to the broken line followed by a bounce at it before you continue short with this pair towards the lower supportive level 133.61 or lower.
Trade recommendation
Remain bearish with your take profit at 136.29.
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