I have just set up my analysis for USDJPY! I am waiting for a reversal pattern or exhaustion in price on this candle! I.E a 25% wick to be created from the candle!¬ I am also waiting for resistance to be hit and for it to go back to support!
If this candle brushes pasted my 2 trendlines full bullish we can expect it to go higher so i will get out...
Very strong bullish move on this pair last week and resistance has been met. I believe this pair has run out of steam and a correction is needed hence my personal bias on this pair is short to the shown level for the time being.