JohnQuid
Short

USD/JPY SHORT OPPORTUNITY

FX:USDJPY   U.S. Dollar/Japanese Yen
Next week will be full of suprises, but even with the dollar on the truck i do not think we will rise back up again.

If we will break out of the trendline i think we will tag the 50EMA before we will fall to the green line that holds massive support.

Based on the MACD and the Slow Stoch i can see there is not much potential for another upmove, the big red candle of volume also supports the move down.

A less likely scenario would be that there will be buyers at the .236 level that potentiates the up-move. I will try to keep this chart as updated as possible.

I really appreciate all kinds of feedback, you can contact me anytime.
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