26 November 2020, USD/JPY
Technical observation
USD retraced to a supportive zone it established around 104.30-104.26 but did not break below it, price bounced within the zone and is currently trading with an increasing bullish bias towards the key level 104.68 and I expect a possible penetration above it for a further rise in price. My advice, if you bought USD within the zone 104.30-104.26 after a bounce, remain long with your take profit at 104.68 and stop loss at 104.10. Should there be a clear breakout below the zone 104.30-104.26 with a big red candle, wait for a correction to the just broken zone before you sell USD towards the key level 103.87.
Trade recommendation
Remain bullish with your take profit at 104.68.