15 Tháng sáu 2022, USD/JPY
Technical observation
USD rose steadily for several days up to the resistance level 135.45 and currently it is trading with an increasing bearish bias below the same line. This downwards movement is a correction to the supportive zone 126.78-126.34 and my expectation is a surge to the same zone followed by a rejection within it to re-buy USD with my take profit still at 135.45 and stop-loss at 123.97. If price clearly breaks above the level 135.45, I expect it to ascend further after a pullback to the broken line, however, In case of a penetration below the zone mentioned above, I expect the value of USD to plummet towards 119.23 or even lower to 113.01.
Trade recommendation
Remain flat.