USDJPY – Down
Technical observation
USD Has been trading with an increasing bullish bias since it bounced within the supportive zone 138.75-138.22 and today I expect it to ascend even further. If you are holding bullish positions, you can remain in the trade with your take profit at 151.97 and stop-loss at 135.61, in case of a clear penetration above the level 151.97 with a big red candle, wait for a correction and a rejection at this line before you continue long with this pair, on the other hand, should the price penetrate below the zone I mentioned earlier, pick short positions towards the supportive level 126.78, 112.70 or even lower to 102.50.
Trade recommendation
Remain long with your take profit at 151.97.
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