USD/JPY Our expectations: Mid term short movement, correction to diagonal and horizontal resistances. Possibility for new short positions with the trend, Stop at 114.50
Alternative scenario: If the price breaks through the multiple resistances, the short-termed long could continue to the next resistance level - 114.96.
Commentary: Price made a correction to horizontal and diagonal resistances, as well as 50% Fibo, where it made a fake breakaway. Price action of "doji" bar, which means that the power of the bulls is running out of steam and the price is looking for a direction on key levels.
DeM broke from 60.00 and got out of the over-bought levels - bearish signal.
TD Sequential counted "0" - signal for short.
Jr Trader Alexander Kumanov
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