20 November 2019, USD/JPY
Technical Observation
After bouncing off from within the zone 108.520-109.239, we are yet to see any clear momentum to the lowerside, we expect this bounce to culminate into a possible momentum to the lowerside with an ideal take profit at 105.750. On this chart, the key lines to look for include 114.00, 110.00, 105.750 and 108.52, Anytime the price is around any of these levels then this will give us an ideal place to look for sell orders with an ideal take profit at 105.250. As it is, only a break and close above 109.239 may attract a buy.
Trade Recommendations:
Sell USDJPY with your take profit at 105.750.