$USDJPY - Uptrend still has control with higher lows on every down move. Next week sell the $USDJPY on the interest rate confirmation and the when the price moves to the 61.8% FIB move into 115.50.
Sell half at the 50% FIB and place the reminder at break even.
Buy the Rumor and Sell the Fact.
Going Short on a break below the current 4H candle. It could be the setup of the a "Double Top" or just a simple range trade.
Either way the ROI is 2/1 or 4/1 on a break of the neck line. A neck line break seems to also fall in line with the old trend-line.
Selling half at the neck-line in case of a bound. The ...
Keep it tight with a good risk reward ratio. The RSI divergence is indicating weakness in the uptrend. I am only looking for a range trade back to the 23.6% FIB before support is found..
Sell half at 0.82 and then move the stop to break even for the remainder of the trade.