11 February 2022, USD/JPY
Technical observation
On the weekly chart above price has been trading with an increasing bullish bias since the beginning of the week and I expect it to close bullish. Next week i anticipate a further surge to the upper side to the resistance level 123.23; at this level price can either break above it with a big green candle, or bounce at it followed by another correction to the supportive zone 114.15-113.67. In case of a clear breakout above the line 123.23 with a big green candle, wait for a correction to it before you continue long with this pair. Bearish movements can be expected in case of a clear breakout below the zone 114.15-113.67 followed by a pull back at it.
Trade recommendation
Remain long with your take profit at 123.23 and stop loss at 116.67.
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 