13 Tháng sáu 2022, USD/JPY
Technical observation
On the chart above price has been rising steadily for some time now and currently, it is trading with an increasing bullish bias below the resistance level 135.03. I expect a rejection of this upwards movement at the same line followed another correction to the supportive zone 126.78-126.34. My advice, remain flat and wait for a correction to the zone mentioned above to pick bullish positions with your take profit at 135.03 and stop-loss at 123.95. I can only recommend bearish positions in case of a clear penetration below the zone mentioned above. Remain long if price clearly breaks above the key level 135.03 with a big green candle.
Trade recommendation
Remain neutral.
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