USDJPY - What is the current Market Situation?

Hi Traders!
The market is in a (weak) Downtrend.

Let's begin with the daily Timeframe:


As you can see we here have two main things to consider:

• 200 EMA
  The price is moving under the 200 EMA.
  That means that the average price of 200 days is contantly falling.
  We should use this information and establish to only take Sell-Trades.
  
  
• Daily Trendline
  Even the market is falling, it is making higher lows and that's shown by the Trendline.
  
  For Longterm Traders:
  You can get that as an opportunity.
  When the market breaks below the Trendline, there is no more "strong" Support which can hold the bearish pressure back.
  That's why it'll fall with more price action.
  

So much for this Timeframe.
Here is the next one (H4):


Here we drawed an orange box.
It is showing the neutral area.
The strength of the bulls and the bears is equal.
In addition the Daily-Trendline and the H4-Trendline is crossing.

Now we move to the last part of this idea.
Here is the H1-Trendline:


The market is at the moment in the middle of the Neutral Area.
Don't forget that we're only looking for Sell Trades.
From our Point of View, there isn't an ideal Setup yet.

We're waiting for the bearish break of the orange box.
A potential Trendline-Break could be one possibility.

We hope, you now know in which situation we're here in.
We recommend to trade outside the "Neutral Area".



Thanks and successful Trading :)!