A clear breakout pattern indicates a short oppurtunity on USDJPY
After the strong upmove USDJPY has formed a rising wedge pattern indicating a weakness but also with a strong divergence wich makes this pair highly bearish at least for the short term we can see a breakout to 104.000 finding support there.
Also there is no major economic events planned wich means I'll have the possibilty of increasing positions without much risk + Risk to reward is great !
Also there is no major economic events planned wich means I'll have the possibilty of increasing positions without much risk + Risk to reward is great !
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