FX:USDJPY   U.S. Dollar/Japanese Yen
41 0 2
Price has made a 78.6% retractive move which confluences with the R1 monthly pivot , trend-line and ichimoku cloud resistance. Bearish engulfing pattern formed at this confluence area.

Price has broken the counter trend line , which is enough confluences to place an entry short to an ambitious 104 target that confluences with the S1 monthly support, 104 round number and 27.2% fib extension.

There is key historical monthly support at 105.236 to watch out for.

EURJPY             has a similar set up

Watch out for high volatile data to be released on thurs and fri             US and fri             JPY.
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