03 апреля 2019, USD/JPY
Technical observation
USD is trading on an increasing bullish bias below a zone 111.86-111.64, I expect either a rejection of it within the zone for bearish price rally towards 108.74, or a clear breakout above the zone with a big green candle followed a pull back to it for bullish momentum towards 114.52.In case of a bounce within the zone, you can pick short positions within it but not for long, however, should USD penetrate above 111.86-111.64 clearly, wait for a correction to the just broken zone and a bounce within it before you buy this pair with your take profit at 114.52 and stop loss at 110.94.Right now remain neutral temporarily.
Trade recommendation
Remain neutral temporarily.
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