U.S. Dollar/Yen Japanese it's look bearish from this side. So, we see that it's moving into this bearish channel flag and MACD doesn't have enough strengthen to continue up in H1 timeframe
Meawhile, in H4 we see that we're into this bearish channel in formation as we see this bearish channel flag, we're in the key point to sell
Also, I read that U.S. Dollar fell today in some pars as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal. Also, another fundamental analysis that I read recently it's that United Sates considering to block Russia ability to pay its U.S. bondholders that expire next week and this could be another bad expectative that I see in this rumor.
So guys, I'm shorting USD/JPY at $129.48 JPY and my target will be $127. 40 JPY (207 pips) and SL to $129.98 JPY (50 pips)
I hope that this idea and analysis support you!!!
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