Kumowizard
Short

Impressive bullish swing may exhaust at Bearish support

FX:USDJPY   U.S. Dollar/Japanese Yen
412 4 17
As I expected, market has made a quick and impressive swing up from the 100+ key resistance. But we must keep in mind the big picture is bearish! As I wrote in my moning post on Twitter, USDJPY             counter bullish price action may top out between 106-107. We have to be ready to short it again in case.

Weekly:
- Trend and Ichimoku setup is bearish
- Heikin-Ashi is counter bullish , but the move from the lows was so impressive and strong, that haDelta quickly hit quite an extree high from an extreme low print. Either it is too much, or we will see a lot stronger buying in coming weeks towards 110-112. (For now I think it is too much, will explain below)
- Price got back to the steeper be