USDJPY 08/08/2019
Today the USDJPY is generally still moving in a bearish bias even though correction occurs to the resistance area when this analysis is made. Overbought indications are seen on the 30-minute stochastic.
For USDJPY trading strategy based on forex technical analysis today, we can look for sell signals if there is a correction to the 106.189-106.604 area. The potential target is up to the range 105,933-105,519.
Be careful if the price breaks above 106,604 because it will potentially thwart this bearish scenario.