USDJPY – Down
Trade recommendation
Since it bounced within the zone 138.15-137.78 USD has been trading with an increasing bearish bias and right now it is trading slightly above the trend line on the level 134.37, if you are already holding short positions with this pair, you can pick your profits now at 134.37. In case of a bounce at the level 134.27 wait for a correction to the zone I indicated above to re-sell USD, and should there be a clear penetration below the level 134.37, wait for a correction to it before you continue short towards the supportive level 127.21. On the chart above I can only recommend bullish positions above the zone 138.15-137.78.
Trade recommendation
Remain short with your take profit at 134.27.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
