USDJPY SELL LIMIT

USDJPY


Preference:
Looks like we'll have a solid push for the previously broken structural level at 148.668. If this occurs, we could look at the formation of a bear flag. After retesting the 23.6 level on the Fib. If the price rejects at this level, we could see a break of the upward channel, pushing the price to the downside.

Alternative Scenario:
Price could also continue the uptrend, pushing past our resistance level towards the highs.