USDJPY 29/05/2019
USDJPY moves below 50 EMA and 100 EMA on H1 chart. Hourly stochastic almost shows overbought indication. Intraday bias tends to be bearish.
For trading strategies based on forex technical analysis today we can look for sell signals if there is a correction to the range 109.690-109.947. The target potential is up to the range 109.531-109,274.
Be careful if the price breaks above 109,947 because it will potentially frustrate this bearish scenario.