20 апреля 2022, USD/JPY
Technical observation
USD has been on a steady upward trend for some time now and it could rise even further, currently it is trading with an increasing bullish bias and you can anticipate a possible correction to the supportive level 124.89 followed by a rejection at it to buy USD with your take profit at 129.28 and stop-loss at 123.41 . If price rises above the line 129.28 with a big green candle, I expect it to ascend further after pullback to the broken line, on the other hand should there be a clear break below the line 124.89; you can expect a surge towards the supportive level 121.77. Right now remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.
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