14 January 2021, USD/JPY
USD penetrated above a level 103.98 on the hourly chart above sending a long tail. It then decline to the same level but did not break above below it. As long as USD is contained above this line, you can only expect a momentum of price to the upper side. My advice, if you bought USD at the line 103.98 after a bounce, remain in the trade with your take profit at 104.39 and stop loss at 103.81. Should there be a clear break above the level 104.39 with a big green candle, wait for a correction to it before you continue long with this pair. Only bullish positions look ideal and can be recommended for this pair.
Remain long with your take profit at 104.39.