16 August 2018, USD/JPY
Technical Observation
Yesterday, USD merely tested a break above the line 111.45 and is now below the same line, while the price is below this level, I expect a possible momentum to the lowerside. If you had gone long on the other day's analysis, you can get out of this trade, and opt for a sell position. The main idea here is to wait for a retracement towards the zone 111.45-111.24, then pick a shorty position with an ideal take profit at 108.32. Alternatively, you could wait and sell this pair below 109.95 with your take profit still fixed at 108.32.
Trade Signal.
sell Usd around 111.45
101% Double the volume
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