USDJPY – Down
Technical observation
USD has been trading with an increasing bullish bias for several days now and today i anticipate a further momentum to the upper side. If you are already holding long positions with this pair, remain in the trade with your take profit 151.97 and stop-loss at 135.23. If there is a clear break above the level 151.97 with a big green candle, remain flat and wait for a retracement to this zone before you continue long, contrary should there be a penetration below the supportive zone 138.43-138.01, wait for a correction to this zone before you pick short positions towards the key levels 126.78, 112.70 and 102.50.
Trade recommendation
Remain long with your take profit at 151.97.
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