Sell USDJPY towards 104.710. | 03 September 2019

03 September 2019, USD/JPY

Sell USDJPY towards 104.710.

Technical Observation

USDJPY is currently trading with a declining bearish bias momentum. While the price remains within the contracting wedge formation, I choose to remains flat temporarily, but should price pullback perfectly towards 107.135, then this will mean looking for a sell position. This sell position is supported by the Alligator trend indicator attached above. While the price is contained below the three moving averages forming part of the Alligator trend indicator, I recommend looking for long term orders towards 104.710.

Trade Recommendations:

Sell USDJPY towards 104.710.

Imelda Maseno
Analyst of «FreshForex» company
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