Looking at the bigger picture, USDJPY is in a downtrend for now and has been creating Lower Lows and Lower highs.
The downward move should likely start anytime to continue further down breaking the Higher time frame Lower Low to create a new one. Come UsdJpy, show us what you got. I have made my Sell entries. Catch you on the flip side.
Price is likely to make a drop, not really big according to what I am seeing, however we cannot dictate what the market should do, we can only predict based on behaviour.
So I am selling at current market price for the London session.
So looking at price, it seems to be starting an upside movement that has a potential 1:4 risk to reward return.
I have taken BUYS now at the London session open and would like to see it push up.
