USDJPY forecast @key resistance level

113.858 is Fibonacci confluence on most time frames including weekly Daily and H4. The area shows trapped volume to the left and this we see by multiple zone rejection on higher timeframes. A Bearish bat has already formed on H4 as well as a smaller on on the H1. H4 bat is active already while the h1 is a confluence of the H4 once activated. I expect price to hunt stops above 113.858 upon which we will see price fall.

Commentaire:

looking for sell to continue to point D then we have a massive ralley