29 Maret 2022, USD/JPY
Technical observation
Last week USD rose and hit our take profit at the level 123.23, this week I expected a possible retracement towards the supportive zone 113.67-114.15 however, yesterday price opened bullish and rose above the level 123.23 with a big green candle. If price continues upwards throughout the week and closes above the level mentioned above, wait for a correction to it and buy a bounce at it towards 135.01, but in case price picks bearish momentum, wait for a pullback to the supportive zone 113.67-114.15 to re-buy USD with your take profit at 123.23. Right now remaining neutral with the pair above is ideal than picking any positions.
Trade recommendation
Remain flat.