30 августа 2019, USD/JPY
Technical Obsertervation
USDJPY is currently consolidating within a range not going above 107.126 or below 105.181. These are key levels and while price is contained within these ranges, we choose to remain flat, the idea is to wait for a bounce from 107.126 to pick a long term sell, while a bounce from 105.181 will mean we're looking for a buy. In case of a break above 107.126, then will mean we're continuing to the upperside while a break below 105.181 will push the price further to the lower side towards 104.340.
Trade Recommendations:
Sell a bounce from 107.126.
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