USD/JPY: Our Expectations: Possible new move lower, after break below 111.00, Expected short with SL: 111.52
Alternative Scenario: If the price passes above the previous high at 112.00, this will change our expectations towards long positions.
Comment: Move lower is in play
Price below 20 ЕМА and also the 20 EMA is below 50 ЕМА.
Price below Ichimoku cloud - negative sentiment
CCI(50) below 0
Pin bar at a level of resistance and engulfing bar - signal for possible deeping of the fall.
Stefan D. Angelov - Head of Stocks Trading
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