I posted yesterday, that I don’t believe the reversal (up) of USDJPY pair, until I see the break of 119.60.

Not only the price didn’t break 119.60, but also it started to rest within the range!!!

Though Bullish Divergence on H4 is there, I started to be Bear with this pair for today.  So basically I would like to take Break out strategy, expecting to break the bottom of the range.

If it breaks down, then the target should be DS2 (118.43).

 

YJ Baik – Forex.Today @ Tokyo