USDJPY – Down
Technical observation
USD has been trading with an increasing bullish bias for several days now and today i expect a continuation of this upwards momentum. If you already bought this pair, I recommend that you remain in the trade with your take profit at 151.97 and stop-loss at 135.20, in case of a penetration above the level 151.97, wait for a correction to the broken line and a bounce at it before you continue long with this pair, on the other hand, in case of a break below the zone 138.75-138.22, wait for a retracement and a rejection within the broken zone before you short USD towards the supportive levels 126.78, 112.70 and 102.50.
Trade recommendation
Remain long with your take profit at 151.97.
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