15 October 2019, USD/JPY
Technical Observation
Last week, USDJPY rose massively and is still showing signs of continuing to the upperside. While the price remains above the two Simple Moving averages, I expect further momentum to the upperside and should break above 108.403 towards 110.00 or even higher. On the 4 hours chart attached, I'm waiting for a clear breakout above 108.403 to confirm a possible momentum to the upperside. And should price bounce from 108.403, then this will give us the best place to consider sell order.
Trade Recommendations:
Buy a break above 108.403 with your first take profit at 110.00.