Aditya_Mishra1

USDJPY Mark down phase starting!

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY - formed a M pattern (at Wednesday (mid week rev.)) + good stop hunt rise in the second leg + at the peak of each leg we got NY reversal + reached 3x ADR ( RWL ) + Stopping volume in 4 hours at both legs + BIG divergence in 4 hours + pairs against USD are forming W at 1 hour for 1 hour mark up phase + potential target - dont forget about 4 hours W we might go in level 2 retrace to daily 50 ema which is close to psy high