USDJPY Is is still SOER?

Pattern: Channel Down on 1D.

Signal: Sell as the rejection pattern on the 1D MA50 (blue trend-line) has been very consistent since July. Also the RSI is hitting the 4 month Resistance.

Target: 102.300 (1.382 Fibonacci extension).

Most recent USDJPY trade:

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Tradingview link:

https://www.tradingview.com/chart/USDJPY/4hwQFxUW-USDJPY-Is-is-still-SOER