USDJPY – Looking to sell short whilst under 109.70 to 112.00 resistance
Bias: Bearish
Key Levels: Resistance 112.00 and 109.70. Support 104.60
Price Action: Bullish long tailed pin bar from 104.60. Major break down below 112.00 and 109.70 key levels
Summary: The bias is bearish beneath 112.00. The bullish pin bar signal could send prices higher short term however prices are likely to be contained under resistance. We are looking for sell signals from relevant resistance levels.
Potential Trade Idea: We will consider selling on a bearish price action signal from around 112.00 to 109.70. Targeting a move back to 104.60.
