The USDJPY has been rising up to the Daily resistance level, we have gotten a lot of touches on this level thus far, price looks to have broken the bullish channel, so now we can expect price to retrace either to the 50 fib 61.8 or deeper im looking to sell this pair below the 1H 50 Moving average we also have bearish divergence on the RSI we wil also use candle stick confirmation to make this sell off valid.
Note
Price has entered my zone of interest looking for bearish signs to short markets but will have to wait for NFP
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.