24 September 2019, USD/JPY
Technical Observation
USDJPY failed to rise up to the Untested Resistance are 109.015-109.525 and is still rallying below this zone. While the price is contained below this zone, I'm expecting a steep decline towards the verified resistance zone 105.460-103.93. On its way downwards, the key lines to look for include 106.990, 106.480 and 105.460. If the price goes below these levels especially the last level, 105.460, then this will be a confirmation that we're continuing to the lower side with the next ideal take profit at 103.930.
Trade Recommendations:
Wait for a low risk sell order with your take profit at 106.480.
TRADE METALS WITHOUT SWAPS!