USDJPY SELL

USDJPY

Preference:
With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low.

Alternative Scenario:
With multiple rejections above the highs, liquidity retests above the highs are also possible. If the bulls manage to get another push, we could see a break above and a continuation of the uptrend.