USDJPY back up at 4hr downtrend line with 50% fib retracement.
Going inline with a more dovish FED in the near future as well as a potential for a more hawkish BOJ.
Todays volume profile has left the POC at the low of the day as well as a cave to be filled towards the lows but this is subject to change as the profile develops (check tomorrow)
100 SMA providing confirmation for trend lower.
Possible entry's through the break of the counter trend line or the break around 142.00.
Has also recently broken a longer term daily uptrend (white) adding more confluence to move lower
Going inline with a more dovish FED in the near future as well as a potential for a more hawkish BOJ.
Todays volume profile has left the POC at the low of the day as well as a cave to be filled towards the lows but this is subject to change as the profile develops (check tomorrow)
100 SMA providing confirmation for trend lower.
Possible entry's through the break of the counter trend line or the break around 142.00.
Has also recently broken a longer term daily uptrend (white) adding more confluence to move lower