USDJPY INTRADAY

USDJPY is still downtrend in weekly. In daily timeframe, we could see that price are forming higher high and higher low indicates that market are in attempt to push upward. However, recently we can see price are creating a new low at the same level with the previous higher low. This could be a sign of reversal for daily timeframe. In h4, we could see the depletion of bearish momentum indicates that price are going to make a correction before continue to push downwards.

Risk : Reward : 1 : 3.