01 Tháng Mười 2020, USD/JPY
Technical observation
USD is trading between a supportive zone 105.22-105.16 and a resistance line 105.80, I expect either a decline to the supportive zone followed by a rejection within it to buy USD or a rise to the line 105.80 followed by a clear breakout above it with a big green candle. In case of a break above 105.80, wait for a correction to it and a bounce before you buy USD with your take profit at 106.46. You can also pick long positions within the zone 105.22-105.16 in case of a decline to it and a rejection within it with your take profit at 105.80 and stop loss at 104.87. Right now remaining flat with this pair is ideal.
Trade recommendation
Remain flat.
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