USDJPY – Down
Technical observation
For the past few weeks USD retraced slightly to the lower side however this week the price rose with a big green candle and in case you are holding bullish positions with this pair, I recommend that you remain in the trade with your take profit at the level 152.01 and stop-loss at 119.07, if there is a clear break above the level 152.01, I expect the price to ascend further after a pullback to the broken line, on the other hand, should there be a clear break below the zone 126.23-127.35 with a big red candle, I anticipate possible bearish movements towards the supportive levels 101.17 and 76.33.
Trade recommendation
Remain long with your take profit at 152.01.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
