currently in a flag formation. its overall bearish after the daily break of the trendline.
I've been watching this for some time now, got stopped out on my first set up which i posted a few days ago now i got any possible short idea.
usdjpy has been in a consolidation for some time now and it looks like it has broken the trend line to continue its bullish move, as the 200, 50 and 20 EMA'S starting to come under price and dxy is also on the rise we can see the this to go back the 118.500 level and possible continuation from there to 121 area where previous resistance lies.
here is the bigger picture of aussi yen. i will post the daily and 4hr set up soon in the comments!
One of the trades i have on my watchlist is aussi cad.
sell ides. prices have broken the flag. 200, 50 ,20 EMA are crossing over, iverall bearish till it reaches support at 1.03450 area.