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USDJPY Forms Rejection candle on h4 | June 12, 2017



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Usdjpy tried to establish bullish momentum but it failed to break resistance zone at 110.60-80. So, we can expect bearish momentum at this moment. From the resistance zone, we got bearish rejection candle which looks like bearish pin bar. It can be an indication for bearish continuation rally again. So, sellers can look for better sell point below the resistance to catch this bearish rally. 

110.30-50 can good sell zone and SL will be above the resistance level. As this pair stays below the resistance, we recommended looking for sell for short time. 

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