10 April 2020, USD/JPY
Technical observation
USD is still correcting to the supportive zone 107.99-107.107.86 and I expect a rejection of it within the zone for possible bullish movements towards the key level 112.09. My advice, wait for a pullback to the zone 107.99-107.86 and a rejection within it to buy USD with your take profit at 112.09 and stop loss at 106.89. Continue long with this pair after a clear breakout above the line 112.09 followed by a correction to it. Should there be a clear breakout below the zone 107.99-107.86, possible bearish price movements can be expected after a retracement to the just broken zone and a rejection within it.
Trade recommendation
Buy USD within 107.99-107.107.86 with your take profit at 112.09.