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Short

USDJPY ANALYSIS WEEK OF JULY 10, 2016

FX:USDJPY   U.S. Dollar/Japanese Yen
On the weekly chart price is near a major support area . Yet there is no known weakness for any reversal yet.

On the daily you can see LL and LH being made. There is still no clear indication of any reversals here.

So this week we are still bearish . So lets see where we can go short.

Looking at the 4H chart a beautiful bull cypher pattern was made. The LH will be made around 106.000 as a retest and then a continuation down to retest the weekly support to make its LL.

Enjoy your week everyone! Happy pips!
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