Alvaro_B

USDJPY to start a bearish move

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
We see a triangle formed from a year ago. In a shorter term, there is a down channel. Recently, the price bounced off the top of this channel, then made two strong bearish candles in 1-day chart, breaking a 4-hour uptrend line (pink). The last candle should be a pullback. I expect a bearish movement this week, with the entry when price breaks the candle of day 24. In a second case, I'm also expecting the price creates a head and shoulders in the 4-hour chart before moving down.

The target is next to bottom of the triangle.
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