07 августа 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