USDDJPY: A break out

From the chart above we've had a series of the ranging market, then a breakout by buyers which was followed by consolidation within the downward sloping trendline, with obvious indications on weakening buyers pressure. The bearish candlestick is testing the 200EMA, which could signal a possible breakout for going short on the 1hr chart.
Support and ResistanceTrend AnalysisTrend Linesusdjpyshort

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