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Short

USD / JPY. One Hour Chart Indicates Down-Trend

FX_IDC:USDJPY   US DOLLAR / YEN
17 0 4
There are several negative forces in play for-USD/JPY.
Most notable is a zero line cross-over to the downside (phase energy),
indicating new selling pressure (lower indicator on top).

The Alligator jaws closed, then opened in a new down trend.
Vortex (middle indicator on top) is negative, red over green.
RSI / Stochastic , top indicator, is oversold, but can remain so for an extended period of time.

Support, based on previous structure, is 99.61, then 98.60.

As always, good luck to you. Don.
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