14 April 2022, USD/JPY
Technical observation
USD is trading with an increasing bearish bias between the supportive zone 124.87-124.77 and a resistance level 126.12 and I expect a continuation of this downwards movement to the zone mentioned above followed by a rejection within it to pick long positions. As long as the value of the pair above is contained above the zone 124.87-124.77, I expect a possible momentum to the upper side, and in case of a penetration below the same zone with a big red candle, I expect a possible momentum to the lower side after a correction to the broken zone. Right now as it is on the chart above remaining neutral is ideal than picking any positions.
Trade recommendation
Remain flat.