With a fake out and strong liquidity grab, USDJPY has rejected off the resistance at 158.619 showing a strong confluence for further downside to 1h trendline.
From higher timeframe perspective USDJPY is over extended above and has a higher probability to pullback to monthly support which could lead the market drop below to order block at 156.126 or lower.
A sell entry on 157.85 or above after false breakout is high probability entry to take this possible move to order block.
From higher timeframe perspective USDJPY is over extended above and has a higher probability to pullback to monthly support which could lead the market drop below to order block at 156.126 or lower.
A sell entry on 157.85 or above after false breakout is high probability entry to take this possible move to order block.
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