USDJPY just touched 4hr top bollinger band and reversing, a breakof the midline (20 MA) is to confirm a sell. a break of lower bollinger band together with low bandwidthand add some more to the short position. Stoploss can be put just above the upper bollinger band nad target for 112.50.
Comment:
USDJPY is going down, expect a deeper retractment as MA s in 30 min chart and is setting Bearish alignment. in 1 hr chart a 112.80 neckline support is expected to be tested.
