USDJPY after JOLTS - Do We See Downside

4 Eki 2022

JOLTS may have just given us the small push needed to start seeing some pressure to the downside. I would be looking for a clear break and hold of this 4h trend line and then would consider a market entry looking to target the 38% fib level. We have also broke the 100h MA and realistically only have the 200h MA and psychological level of 144 in our path. I think we see some bearish bias for the short term. Holding the trendline would negate the trade idea.