Multiple short confirmation for USDJPY
1. Market structure is now bearish
2. Major trendline has just been broken
3. Trendline is being tested
4. Retest formed a double top on H4 with confirmation of shooting star
5. H1 shows bearish engulfing
6. Price retest to 23.6% Fib level
7. RSI divergence on daily
8. Might form an H&S on daily; currently at head
2. Major trendline has just been broken
3. Trendline is being tested
4. Retest formed a double top on H4 with confirmation of shooting star
5. H1 shows bearish engulfing
6. Price retest to 23.6% Fib level
7. RSI divergence on daily
8. Might form an H&S on daily; currently at head
Note
UJ is now forming lower highs but my bearish bias remains. Could be possibly going up because of the ASEAN Summit.
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