USDJPY / H1 / Daily Forex Technical Analysis / 6.28.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is June 28th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the overall structure price action may be retracing to its previous area of resistance near the 108.0. If price action reaches to previous levels of resistance and doesn't flip and hold on it as support, we would look for an entry short. Entry for a Short position near the 108.092 area,with a Stop Loss near the 108.253, with a target profit level area of 107.686 to ensure a profitable trade with a 2.52 to 1 R/R.