11 Tháng mười hai 2020, USD/JPY
Technical observation
USD is trading above a supportive zone 103.93-103.93 with an increasing bearish momentum; I expect either a bounce within the zone for a momentum to the lower side, or a clear breakout below it with a big red candle. My advice remain flat temporarily and wait for a loss of this bearish movement within the zone mentioned above to buy USD with your take profit at 104.20 and stop loss at 103.82. In case of a clear breakout below the same zone with a big red candle, wait for a retracement to it and a bounce before you pick short positions with your take profit at the level 103.66.
Trade recommendation
Buy USD within 103.93-103.93 with your take profit at 104.20.
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