PaladinTrading
Short

USDJPY - WELCOME BEARS!!

FX:USDJPY   US-Dollar / Japanischer Yen
USDJPY has finally reached the top of the trend line . we now have consolidation happening. If price comes below the consolidation box 111.900 this will be a great area for shorting. We can expect to see 105 area if this happens. as of now we are currently waiting to see if the trend holds. RSI is making lower highs. Patience is key, so if we see price jump about 40 pips above the consolidation box this will be invalid.
You rarely want to see consolidation at the top of a channel... usually means a breakout of that channel is coming.. You want full on rejection.
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