usdjpy consolidating before breakout

Name: usdjpy consolidating before breakout
Uploaded: 2023-06-11T16:08:05.387664
Channel: DesharedPierreJr.
Description: USDJPY is hinting at a momentum swing. The overall trend is still up however price has not been making any new higher highs on the daily, In fact, volatility at the high forms a bearish reversal signal. I believe price is pulling back intraday bullish, but this push isn't very strong. Another daily rejection at the high will trigger a short setup for me.

Short

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

OANDA:USDJPY U.S. Dollar / Japanese Yen

Trend Analysis Chart Patterns Support and Resistance reversal nakedtrading USDJPY retest uptrend indecision higherhigh zone resistances

trendanalysis chartpattern supportandresistance reversal nakedtrading usdjpy retest uptrend indecision higherhigh zone resistances

USDJPY is hinting at a momentum swing. The overall trend is still up however price has not been making any new higher highs on the daily, In fact, volatility at the high forms a bearish reversal signal. I believe price is pulling back intraday bullish, but this push isn't very strong. Another daily rejection at the high will trigger a short setup for me.

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