The weekly on the USDJPY has formed a big bearish candle that hardly even retested the 32.8% retracement from the most recent fall. However, if we place a fibonacci retracement on the nearby weekly candle, the 50% retracement has been retested.
The 61.8 retracement is 100.20 and the 38.2 retracement is 109.98. So a retest to 109.9 - 100.20 will be the ideal to reenter shorts. The large bearish candle breaking out of the consolidation is a strong case to remain bearish.
On the daily, we can see a hanging man and reversal confirmation. So will look at early next week for shorts to be put on on any rally.
The AUDJPY, shows a trendline retest and a 78.6 retracement of the most recent fall in the audjpy. With a long legged doji at the top, spinning top formation. Next week, any rally is a good place to short.
GBPJPY retested the last major drop and is in a consolidation region on the weekly.
A retest of 158.30 is a really good place to enter short.
EURJPY on support.
JPY looks strong.
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