16 Oktober 2017, USD/JPY
Technical Observation:
Recently, while price was rising, it failed to breakout above the zone 113.44-113.18, and instead formed a sharp resembling a round top, or an inverted bowl. This is a sign that the current drop in price could continue but only after breaking below 111.41. As it is, I'm flat waiting for a descent below 111.41, to confirm a rally towards 110.15 and even lower to 107.67. My advice is to wait for price to get below 111.41
Technical Levels
Resistance levels
R1: 113.29