USDJPY – Down
Technical observation
USD retraced to the supportive zone 138.75-138.22 for the third time then bounced within it and since then it has been trading with an increasing bullish bias, today I expect a continuation of this upwards movement and In case you already picked bullish positions, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 134.26, should the price rise above the level 151.97, continue long with this pair after a correction and a bounce at the broken line, on the other hand, if the price breaks below the zone 138.75-138.22, wait for a pullback to the broken line before you pick short positions towards the levels 126.78, 112.70 and 02.50 or lower.
Trade recommendation
Remain long with your take profit at 151.97.
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