Sell if price continues to trade below the EMA21 H4 (114.10)
USD/JPY climbs to one-week high, around 113.70 level amid risk-on mood.
Strategy is unchanged from last week as UJ has been sideways for the past 1 week, and has always remained below 114.10.
113.80 -114.10 is still an important resistance area that needs to be watched to determine the next trend.
=> If we can break through the psychological threshold of 113.80 - 114.10, the next target will be 115.00
=> On the contrary, if the price continues to trade below the EMA21 above H4 (114.10), the opportunity is for the bears, they are always looking for opportunities to return to the market with the goal of pushing the price to 113.00 or 112.00
Strategy is unchanged from last week as UJ has been sideways for the past 1 week, and has always remained below 114.10.
113.80 -114.10 is still an important resistance area that needs to be watched to determine the next trend.
=> If we can break through the psychological threshold of 113.80 - 114.10, the next target will be 115.00
=> On the contrary, if the price continues to trade below the EMA21 above H4 (114.10), the opportunity is for the bears, they are always looking for opportunities to return to the market with the goal of pushing the price to 113.00 or 112.00