Hoddgittoo
Short

UJ shot to 111.000

FX:USDJPY   U.S. Dollar / Japanese Yen
Starting from the daily TF, there are 4 bullish wicks, signifying a significant area of resistance. Another sign of weakness is that UJ is having a significant problem breaking my upper TL, which has now been touched for a 4th time. Taking it down to the 4HR, there has been a break and a retest of my middle TL. Looking at 2HR, there is a clear H&S pattern that has been formed. I am expecting this pair to drop about 60 pips to 111.000, before making another push to the upside.
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