13 Februari 2020, USD/JPY
Technical observation
Since penetrating above a zone it established around 109.74-109.62, USD has been rising steadily and I expect this bullish movement to continue towards the key level 111.00. If you bought this pair within the supportive zone 109.74-109.62 after a bounce, hold on to that positions with your take profit at 111.00 and stop loss at 108.96. Remain long towards 112.37 in case of a clear penetration above the key level 111.00 with a big green candle .As long as price is contained above the zone 109.74-109.62, only long positions look ideal and may be recommended on the daily chart above. Right now, remain long.
Trade recommendation
Remain long towards 111.00.