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USD/JPY

Future trade opportunity.

The main trend of the pair is a downtrend.
On a daily chart we can see that the pair is on his way to test a descending diagonal line, as part of a technical correction (right now it stands at 109.05)

Around the level of 110.00 should be a resistance, once the pair will reach this level, we will be looking for a bearish pattern which would signal us about an opportunity to enter for a trade with the main downtrend.
We don’t have to wait for a bearish pattern only on a daily chart, we can also look for an entry situation on 4 hours and an hour chart,  as soon as the pair reached to the resistance area.

For Forex traders:

Sell between the levels of : 110.30 – 110.00
Stop loss point :111.10
Take profit point : 107.00.

For Binary options traders.
A put option between the levels of : 110.30 – 110.00
Expiry time : May 20.