15 June 2020, USD/JPY
Technical observation
On the chart above, price is trading with an increasing bearish momentum between a resistance zone 108.02-107.93 and a supportive zone 106.00. My expectation is either decline to the supportive line followed by a clear breakout below it with a big red candle, or a rise to the zone mentioned above followed by a clear breach above it. In case of a break above 108.02-107.93, wait for a correction to it and a bounce before you pick long positions and should USD break below 106.00, wait for retracement to it and a rejection before you sell this pair. Right now remaining flat is ideal than picking any position.
Trade recommendation
Remain neutral.