Sell USDJPY towards 100.00 | 07 August 2019
07 August 2019, USD/JPY
Technical Observation
The USDJPY is currently trading with an increasing bearish bias momentum. According to the weekly MM Cycle Indicator shown on a separate window above, we're in an active downtrend. And while the price is contained below the two simple moving averages, I recommend looking for long term sell orders towards 105.710. At the moment, I don't recommend looking for buy orders right now, rather, look for retracements then pick low risk sell orders towards 100.00 and could break even lower.
Trade Recommendations:
Sell USDJPY towards 100.00
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
