USDJPY 240 short opportunity – pending RSI break
* Pin bar at multi-test probable LH
* Good but short RSI and PA trendlines
=> Look for RSI and PA break and close
for DT continuation.
=> PA break will also break 21 and 78 EMA
=> 1.56 RtR
* Good but short RSI and PA trendlines
=> Look for RSI and PA break and close
for DT continuation.
=> PA break will also break 21 and 78 EMA
=> 1.56 RtR
Comment:
This analysis does not appear to be valid anymore. PA is fairly flat and RSI has broken its trendline. Looking for a retest of either resistance at 106.694 or support at 105.037.
