TF 5: - The Ichimoku indicator has crossed, a sell signal has appeared. - QMR pattern has appeared.
Selling potential when the price touches 0.618 fib. If the bearish flag is fully formed, then look for further selling potential towards 1.031.
Looking for buying opportunity on demand zone. SL 1924.86 TP 1956.84
The ascending trend line is broken to the downside and price has been fixed below the line. The chart trying to form a head and shoulder pattern. I expect a fall on USDJPY around 0.618 and 0.786 Fib (118.674 and 117.00), and then continue the bullish movement.