FX:USDJPY U.S. Dollar/Japanese Yen
The price broke out of the wegde, but got knocked in again by the 50 and has now formed a head and shoulder pattern yet to be completed. Price got rejected at daily R1 and is moving down to complete the HS. Daily is aswell showning signs of a top, stochastics are overbought. 1H has and overbought and the on has been broken. A short entry is good now or you can wait for the break of the and or neckline of the HS.