21 November 2019, USD/JPY
Technical Observation
Currently USDJPY is in an active downtrend. Following the bounce from the swing high seen at 109.50, the pair has been in an active downtrend, I expect further momentum to the lowerside and should break below the level 108.30 or even lower. According to the the 4 hours chart attached, I expect a possible momentum to the lower side and could break below the 50.0% fib level. If you are looking at this pair at the momentum, you should wait for a clear breakout below the 50.% fib level to confirm further momentum to the lower side with the next ideal target at 106.00,
Trade Recommendations:
Sell a break below the 38.2% fib level.
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