Hello traders! USDJPY shows a weakness on 113.000 right now.
The price is consolidating on a psychological number and it's near the trend line.
Also if we try to get fibonacci levels, it gives us 0.5% level which is important.
On day timeframe we can see candlestick pattern PINBAR.
There is explicit RSI bearish divergence.
Therefore all these confluences give us pretty good chance to get short.
Don't forget about S/L and coming news next week.
Thank you & Good luck in the market!
The price is consolidating on a psychological number and it's near the trend line.
Also if we try to get fibonacci levels, it gives us 0.5% level which is important.
On day timeframe we can see candlestick pattern PINBAR.
There is explicit RSI bearish divergence.
Therefore all these confluences give us pretty good chance to get short.
Don't forget about S/L and coming news next week.
Thank you & Good luck in the market!