18 September 2019, USD/JPY
Technical Observation
For somedays now, USDJPY has been in an active up trend. However, recently this pair established a significant resistance zone around 108.259-108.237, while the price is contained below this zone, we're expecting a possible bounce from it to pick a long term sell order towards 107.535. On its way to the lowerside, the key levels to look for include 108.055, 107.925, 107.665 and 107.535, if these levels are broken, then a momentum towards last month's lowest low is expected around 105.021.
Trade Recommendations:
Sell USDJPY from 108.259 with your take profit at 107.535.