USD/JPY Short Trading Setup
USD/JPY short bias:
There is either a pattern created there or it could be seen as a triple bottom on the H4, both indicating reversals and the neckline has been retested. We see a being formed on Friday and we should see the 109.93 broken to the downside towards the 109.2 major next week. There’s been a crossover in the EMAs and price action still holds below. Stop loss would be placed just 5-10 pips above 109.2 just in case it decides to retest the upside once again.