10 Tháng hai 2022, USD/JPY
Technical observation
The value of the pair on the chart above declined as I had predicted and today I expect a continuation of this bearish movement towards the supportive level 112.73. If you picked short positions within the zone I have mentioned above after a bounce, my advice is that you remain in the trade with your take profit at 112.73 and stop loss at 116.38. In case of a clear breakout below the level 112.73, I expect USD to decline further towards the supportive zone 109.23-109.05, as it is on the chart above, only bearish positions look ideal and can be recommended, bullish positions can only be advisable above the zone 115.59-115.41.
Trade recommendation
Remain short with your take profit at 112.73.
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