07 января 2020, USD/JPY
Technical Observation
USDJPY corrected itself to the upper side after breaking below 108.49 and is still below this line, while this is true that the price is held below 108.49, I recommend looking for long term sell orders towards 105.12. If the price breaks and closes above 108.49, then this will mean we are continuing to the upperside. But should the price breaks below 108.00, then this will mean we are continuing to the lowerside with an ultimate target around 105.00 and could break below 100.00 or even lower.
Trade Recommendations:
Sell USDJPY now with your take profit at 100.00.
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