FX:USDJPY On the Yen we Have a Clear Break and Retest of the Ascending Trendline. On a 4h Time frame we also have a cross of the Moving Averages to the Downside telling us of Bearish Actions.
We have a series of Lower Highs and an Incomplete double Top Formation as well.
I will be Looking to Enter on an Hourly Timeframe when and If I can see Bearish Action Closing Below Moving Averages or Creating New Lows In Relation to Prev Daily Lows.
My Extending Targets are around 111.50-111.00 Regions