USD/JPY: Our expectations: The predominat movement remains short, which is increasing the chances of likely break below the 110.84 level. Possible short and SL at 111.70
Alternative scenario: If the price moves above 111.70 will show us a change of the short term movement and possible test of 111.12, which will cancel the bearish formation
Comment: Medium term lower move
Break of the price below the diagonal support
CCI(50) below 0, price below 50 ЕМА.
Price below the Ichimoku cloud, Tenkan sen below 50 ЕМА - movement is short
Stefan D. Angelov - Head of Stocks Trading
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