USDJPY – Down
Technical observation
Since it bounced within the zone 128.11-127.08 USD has been trading with an increasing bullish bias and this week I expect it to ascend even further, In case you are already holding bullish positions with this pair, remain in the trade with your take profit at 151.83 and stop-loss at 121.21. If there is a clear beak above the level 151.83, wait for a correction and a rejection at it before you continue long, as it is on the weekly chart above, as long as USD is contained above the zone 128.11-127.08, only bullish positions look ideal and can be recommended, I can only recommend short positions in case of a clear break below the zone 128.11-127.08.
Trade recommendation
Remain long with your take profit at 151.83.
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