FX:USDJPY   U.S. Dollar/Japanese Yen
268 0 6
Overall bias is bullish , looks like a rate hike is happening in Sept

Short term short bias because:
Weekly bearish engulfing
Daily inside bar , pin-bar showing bears in control of price
4hr MA/EA about to cross
Downtrend since piercing high of 125 not seen since 2007
Below Kumo on 4 hr             , hence this very short term trade.
Inside bar on 4hr, looks like a continuation after rejection on close above .618 fib

Conservative target of 122
121.555 is an ideal target

We could see a significant reversal at 122, but we need a lot of momentum from Fundamentals.



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