Is it a sell

FX:USDJPY   U.S. Dollar / Japanese Yen
Here I can see USD weakness. on the weekly we have the ma cross over to the downside as well as the daily showing strong downwards momentum. Current price has found support at previous weekly structure and even though price has shown a lot of bearish rejection and indecision on the weekly I favour a bearish move for the meantime. On the lower time frames I have noticed a consolidation pattern that I can take advantage of if it breaks in the direction of the main trend. I am waiting for a break of this consolidation retest and continuation.


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