20 tháng Tám 2021, USD/JPY
Technical observation
USD is trading between a supportive zone it established at 104.74-104.22 and a resistance level 114.53 with an increasing bullish bias, despite this bullish movement I expect a possible rally to the zone I have mentioned above or a rise to the resistance level 114.53. In case of a decline to the zone 104.74-104.22 price could either break below it with a big red candle followed by a surge to the supportive level 96.23, or bounce within the same zone followed by bullish movements of price to the key level 114.53. Right now as it is on the weekly chart above, remaining neutral with this pair is ideal than picking positions. Only sell USD below the zone 104.74-104.22.
Trade recommendation
Remain flat.
en 
id 
ar 
ru 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 