Daily Trade Recommendation - USDJPY
USDJPY
USDJPY seemed to stay between 115.23 and 114.38 levels today and aggressive traders will look to enter trade on any or both of levels. But the long-term trend is downward and therefore most traders will look to sell USDJPY on rise above 115 level for a dip below 114.50 level.
RSI is a bit lower in daily charts still has enough space. In hourly charts RSI is around 50 and will support the move in both directions. We might see USDJPY take a rise from 114.50 level again.
Trade: Sell USDJPY @ 115.23 for Profit Level @ 114.63 and Stop Loss @ 115.53 Target is at 114.38
chart analysis