17 Tháng bảy 2019, USD/JPY
Technical observation
On the 4-hour chart above, price is trading below a resistance zone 108.68-108.58 with an increasing bullish bias. I expect a rise to 108.68-108.58 followed by a loss of this bullish rally within it for possible downwards movement of price towards the level 107.78. My advice, remain flat temporarily and wait for a correction to the zone 108.68-108.58 and a bounce within it to sell USD with your take profit at 107.87 and stop loss at 108.99, should there be a clear breakout below 107.78, wait for a retracement to it before you continue short with this pair towards the lowest supportive level 106.82.
Trade recommendation
Remain flat temporarily.