31 October 2022, USD/JPY
Technical observation
USD rose to the resistance level 151.95 then bounced at it and it is currently trading with an increasing bullish bias between the level indicated above and a supportive level 142.03, however, I expect a loss of this upwards movement followed by a correction to the level 144.03 and a possible bounce at it. My advice, remain flat and wait for a correction to the level 142.03 then buy a bounce at it with your take profit at 151.95 and stop-loss at 137.41. A further surge to the upper side can be expected in case of a clear break above the level 151.95, on the other hand I expect bearish movements of price in case of a break below the line 142.03.
Technical observation
Wait for a correction to the level 142.03 to buy USD.
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