USDJPY – Down
Technical Observation:
USDJPY is trading with an increasing bullish bias momentum. After an attempt break below 111.075, the USDJPY is currently recovering and should get back above 111.075 soon. If you’re already in a long position, leave this position open, but if not, you could wait for retracements to the lower side, then buy this pair with your take profit at 112.78. If this take profit is taken out, then the price will likely continue to the upper side with the next take profit being 115.654. I will only sell a break below 110.520.
Trade Signal.
Buy USDJPY
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