The lower time frames suggest USDJPY
is headed higher initially but this should only serve to present a better selling opportunity. As can be seen on the DTF
, price has sunk under the 100 sma
and is headed for the 200 at 108.
I expect this pair to open higher but to lose momentum in the 113 area.
Wait for a move higher to 113 and look to SELL.
A move above 113.50 turns the structure more bullish
but LONGS look risky according to the technicals.