Technical analysis:
USD/JPY has been trading sideways at the price of 109,65. There is potential for the breakout to the downside and lower price.
Trading recommendation:
Watch for potential selling opportunities in case of the downside breakout of support at 109,48 on increase on volume.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Downside targets are set at the price of 109,10 and 108,75
Resistance of the base is set at 110,20 and in case of the breakout, upside will be set at 110,65
