Here are my 5 reasons to short usdjpy
1) some good resistance on the current level
2) 61.8 retracement of the price, might indicate formation of an abcd pattern
3)completion of abcd at a previous demand
4) the target is also a 1.27 extension number
5) Formation of a pin bar might on the 1 hour chart could futher signify a reversal
1) some good resistance on the current level
2) 61.8 retracement of the price, might indicate formation of an abcd pattern
3)completion of abcd at a previous demand
4) the target is also a 1.27 extension number
5) Formation of a pin bar might on the 1 hour chart could futher signify a reversal