04 Oktober 2019, USD/JPY
Technical Observertion
USDJPY is in an active downtrend. Yesterday, This pair sustained the break below the daily low 106.958 and is still below this line. I expect further momentum to the lowerside towards 106.545. On this chart overall, the best levels to wait for price from include 106.145, 106.958, 107.316 and 107.535. According to the hourly chart attached, this pair is a good sell but only if the price can retrace back towards the level 106.958. A break above may culminate into a possible further retracement towards 107.316.
Trade Recommendations:
Resell USDJPY from 106.958.