23 Tháng mười hai 2020, USD/JPY
Technical observation
USD did not penetrate above the zone 103.91-103.72; instead, it bounced within it and is currently trading with an increasing bearish bias. I expect this downwards movement to continue to the supportive line 101.16 followed by a possible breakout below it. If you sold USD within the zone mentioned above, remain short with your take profit at 101.16 and stop loss at 105.11. Should there be a clear penetration above the zone 103.91-103.72 with a big green candle wait for a correction to it confirming a possible momentum to the upper side before you pick long positions towards the level 107.94.
Trade recommendation
Remain short with your take profit at 101.16.
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