USD/JPY TA 1/7/19 109-110 region next

FX:USDJPY   U.S. Dollar / Japanese Yen
Next up we have USD/JPY after the recent flash crash I feel like we should let the market chill out a bit and sit on our hands. I personally feel a 109 retest is coming soon and we can capitalize on a potential bounce or break set up. If we break the descending trend line 110 will be met rather quickly. If we bounce off the descending trend line my next downside target would be 107.

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Great idea on usdjpy, glad that we have the same bullish bias. Please take a look at our idea and let us know what you think.

@FXCM-EDU, I like your TP but I feel your SL is to big for my liking.
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