USDJPY 22/07/2019
USDJPY today is still moving under pressure. Prices are still moving below the 50 EMA and 100 EMA on the H1 chart, both EMAs move down. Hourly stochastic shows overbought indication. For the USDJPY trading strategy based on forex technical analysis today we can look for a sell signal if a correction occurs to the area of 107,634-107,895. The potential target is up to the range 107,472-107,210. Be careful if the price breaks above 107,895 because it will potentially frustrate this bearish scenario.