USDJPY technical analysis.
USDJPY - H4
Market (55 above 21) is bearish. Price (8 above 5) is Bearish. Stochastic is moving down. Support at 111.0, MPP/110.5 and 110.0/MM2/WS1. Resistance at WPP/MM3/111.50, 112.0, WM3/112.50. Price has been ranging on this pair and am looking for a break out to the down side. I am waiting for a lower low and sell when price retest 111.0.
USDJPY - H1
Market (55 above 21) is bearish. Price (8 above 5) is bearish. Stochastic is moving sideways. As per my H4 chart, I am waiting for price to break the range and make a lower low and then sell off the role reversal.