20 March 2023, USD/JPY
Technical observation
On the chart above, USD is trading with an increasing bearish bias slightly above the supportive zone 126.23-127.25 and I expect a continuation of this downwards movement to the zone I have mentioned above followed by a rejection within it. My advice, remain flat and wait for a pullback to the zone I have indicated above then buy a bounce within it with your take profit at 152.01 and stop-loss at 121.21. In case of a clear break below the zone 126.23-127.25, wait for a retracement to the broken zone before you sell USD. You can expect possible bearish movements of price towards the supportive levels 101.17, 76.33 or lower.
Trade recommendation
Remain flat temporarily.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 