24 Juli 2017, USD/JPY
Technical Observation:
A fortnight ago, the price got rejected from the upper trend line acting as a resistance to the converging wedge. Following this rejection, Usd plunged down and is still rallying with a bearish bias. I expect a dip towards the lower trend line and even breakout, if the latter is the case, then I'll wait for a pullback towards the just broken line to re-sell Usd towards 108.88, 108.15 and the last take profit at 106.13. The line 110.31 is a key daily support line and if it can clearly be breached to the lower side, then this will act as a confirmation that the price could drop towards 106.13
Technical levels:
Resistance levels
R1: 113.65