USDJPY – Down
Yesterday, USD/JPY pulled back to the support zone 111.23-110.93, it was rejected and could not penetrate below it. Currently it is moving up and I expect a rise towards 113.62 and a possible breakout above it for a further rise in USD.Long the pair within the zone with your ideal target at 113.62 and stop loss slightly below 110.93, in case of a breakout above 113.62, wait for a correction to it before you continue long with USD. Short positions may only be recommended in case there’s a clear breach below 111.23-110.93 with a big red candle followed by correction to it.Right now, wait and long USD within 111.23-110.93.
Buy USD/JPY within 111.23-110.93 towards 113.62.
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