wolfstreetswinger
Short

USDJPY - Looking for a big pullback

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             Looks interesting here on the daily we've just broke previous high but now stuck at resistance with momentum divergence for a move down will be watching on lower time frame for possible entry if we can't break resistance. Could see a possible pullback to around 110 - 108 whats also interesting is the false break of resistance im seeing on usdchf             on the hr             which has been dragged back down nicely if CHF goes sure JPY will follow.

HAPPY TRADING
Comment: QUICK UPDATE - We look to have a very nice double top in the making on the hour failing to make new highs at the 114.7 resistance. for a safe entry wait for confirmation on support breakout. personally i jumped in at the top but will switch long if we get strong break up
Comment: IF YOUR NOT IN THIS ONE YET I WOULD ADVISE TO WAIT FOR A CLEAR BREAK OF SUPPORT HERE AS THIS STILL HAS SOME CHANCE TO FLAG UP IF WE GET A CLEAR BREAK AND A PULLBACK SHORT IT
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