Renforex

USDJPY Deciding point

FX:USDJPY   U.S. Dollar / Japanese Yen
We are edging towards the line of the downtrend.

If there is a convincing break, I would like to see 106 and 108

If we bounce, then I'm looking to take profit near the most recent bottom.

Stoch shows above 90 during downtrend on the daily which is always a good sign for bears. But it is better to react than to predict.
snapshot


Breaking down of the yellow short term trend could be a good sell entry.
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"Better to act than predict" - So true!
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