USDJPY 24/05/2019
USDJPY moves in a Bearish bias, the price moves below 50 and 100 EMAs on the H1 chart, from current stochastic and cci giving a chance for price correction.
For the USDJPY trading strategy based on forex technical analysis today we can look for Sell signal confirmation if there is a correction to the area 109,925 - 110,211. The target potential is up to a range of 109,752 - 109,464.
Be careful if the price breaks above 110.211 because it will potentially frustrate this bearish scenario.