USDJPY 10/09/2019
Today the USDJPY is still moving in a bullish bias, stuck by the resistance area. Prices are moving above the EMA 50 and EMA 100 on the H1 chart. Overbought stochastic on the H1 chart. For a trading strategy based on technical analysis today we can look for signals in the 107.162-106.956 area, buy if there is a correction to that area.
The potential target is up to the range 107,290-107,497.
A break above 107.497 potentially will be followed by continued bullish movement to the range 107.704-107.935.
Be careful if the price breaks below 106,956 because it will potentially thwart this bullish scenario.