26 April 2022, USD/JPY
Technical observation
Last week the value of the pair above ascended with a big green candle, however, this week it opened bearish and I expect a continuation of this downwards movement to the supportive level price established at 125.60 followed by a rejection at it to pick long positions with my take profit at 137.27 and stop-loss at 122.52. In case USD is not sustained d above the level 125.60 but clearly breaks below it with a big red candle, I would advise that you wait for a correction to the broken line and a bounce at it before you pick short positions. Right now as it is on the chart above, remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.
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