USDJPY – Down
Technical observation
USD has been rising steadily for several weeks now and today I expect it ascend even further. If you are currently holding bullish positions, I recommend that you remain in the trade and pick your profits at the level 145.09, on the other hand, if you are currently neutral with this pair, my advice is, wait for either another correction to the zone 137.70-137.53 to buy USD, or a clear break above the level 145.09 followed by a retracement to it to enter long positions. As it is on the 4 hour chart above, as long as the price is sustained above the supportive zone 137.70-137.53, only bullish positions look ideal and can be recommended.
Trade recommendation
Remain long with your take profit at 145.09.
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