USD/JPY: our expectations: It's possible that the short-term negative moods to continue and to see test ot 110.23 support. The probability for ecline is greater, and we can enter with limit order sell stop at price 112.15.
Alternative scenario: IF the price breaks above 115.15 the negative sentiment will shift toward bullish, and we must position with long order.
Commnets: The price is below the Ichimoku cloud - negative sentiment
Price below Kijun-sen - the blue line, Chikou Span below the cloud - strong negative sentiment
Price action - Engulfing candle at the break of the cloud - negative signal
The price is below 50 EMA, CCI(50) is below 0
Stefan D.Angelov - Head of Stocks Trading
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