23 августа 2019, USD/JPY
Technical Observation
For almost an entire week, the USDJPY has remained contained within the 50.0% fib level, 106.067 and the 100.0% fib level, 107.087. During this week and possibly part of next week, I expect this pair to remain within this range, not going above 107.087 and below 106.067. Currently the price is slightly above 106.606 which is a key resistance level. I expect this place to be a good sell place but should price break above it, then I expect further momentum further to the upside towards 107.087.
Trade Recommendations:
Wait for a possible sell around 106.690.
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