07 Juni 2019, USD/JPY
Technical Observation:
USDJPY is in an active downtrend. Currently the price is pulling back upwards in form of a bearish flag. I expect price to continue pulling back to the upper side but should not go beyond the level 109.217-109.133 where I'll be looking for sell orders. As it is on the 4 hour chart, I recommend you look for short term buy orders towards 109.217, which is also a good sell place. But in case of a decline below 107.990, then this will be a good place to pick a sell position towards 107.22 and may head lower to 100.
Trade Signal
Look for short term buy orders towards 109.217.