Ozymandias
Short

USDJPY 4H short on Pitchfork and Ichimoku

FX:USDJPY   U.S. Dollar/Japanese Yen
There is still some more downside to be expected from this pair, pitchfork channel has been rejected on the 4H timeframe
as well as the ichimoku is still indicating down, until Chikou Span crosses price, I don't consider to go long.
this weeks event risk is not really going to send this pair any where to the upside, especially when we are expecting lower results for the USD events this week.(USD Advance Retail Sales (SEP))
I believe bulls are waiting to test lower levels before uptrend resumes, specifically the 105.470 is the level to watch.
RSI (below 50) and stochastic are not showing an oversold condition.
Ozymandias
2 years ago
forgot to mention the Bollinger bands, I have 2 bands with deviation 1 and 2 indication it's still in the Sell zone, finding resistance right at the red center line and the pitch fork lower boundary
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