Many confluences add up to offer interest in shorting USDJPY if we see a break of the current bullish flag. As we can see, price is failing to keep higher highs in the bullish short term pullback. Price has retested the supporting trendline and pulled away as well as rejecting the 200 ema and 61.8 fibonacci retracement. Overall I will be looking for a break and close below the 50 ema and trendline before entry.
