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USDJPY - SHORT IDEA 1H

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#USD/JPY# USDJPY - SHORT IDEA 1H

Possible good sell setup ... Currently price on a good resistance, MACD & RSI showing divergence ... While currency strength Yen/JPY is the weakest. Waiting for confirmation ( Break of structure & Previous lows with momentum )

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The pair was seen to create a false breakdown of the 104.17 level (July lows). Usually a false breakdown will lead to a breakout
USD/JPY made another attempt to get above the resistance level at 105.70 but failed to gain sufficient upside momentum.

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