USDJPY $114.00 Or Bust

Обновлено
I have been looking for a mid-term short entry for a while now on UJ and things are starting to line up. Price is being held by a long-term trend line at 114.4 which has been rejected 5 times on the Daily there is also a big Gann level which price is reacting to at 114.00. Retail short sentiment has dropped from a month ago after selling the whole way up, Volume is also building.

Its Still (just) in an upward channel and may try for 114.00+ again which would be a nice short entry. If not a short below 112.1 might do. Looking for 111.4, 110.0 initially. This setup is invalid if the daily closes above 114.5.
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Another lower high rejection on the daily, setup going to plan entered around 113.37 still looking for 111.30
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breakdownChart PatternsDXYGannjpysetupshortTrend AnalysisUSDUSDJPYDJ FXCM Indexyen

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