25 May 2022, USD/JPY
Technical observation
USD is trading with an increasing bearish bias as I had predicted last week, this bearish movement is a pullback to the supportive level 125.6 and I expect price to rally to the same line followed by a rejection at it to pick bullish positions with my take profit at 137.27 and stop-loss at 121.30. Further bullish movements of price can be expected if price hits the level 137.27 and clearly breaks above it. In case of a breakout below the supportive level 125.6 with a big red candle, I expect price to decline towards the 113.73-114.33 or even lower to the level 100.46. Right now remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 