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I have talked allot about the euro weakness past few weeks, but I'm still extremely bearish. And now I'm adding a currency to the extremely bullish basket, but with some caution. USD/JPY is giving allot of weakness signals. Just look at this Inside bar/fakey setup on daily chart:

And here's the 4hour chart to back that up with allot of bearish price action signals:

So many bearish pins all over this bottom range but no dropdown?? One would think the bulls would of givin up by now with so much bears showing fingers all over. When this pair deside to move, it's going to be a steamroller effect, to whichever way (although I'm pretty bearish).Now lets take a look a EUR/JPY chart:

This pair has been moving down down down for a while now and doing it nicely. Bearish signal after signal working out very profitable. Now it's at one of it's ultimate signals, it going to keep riding the strong downtrend off previous low, broken support turned resistance, or it breaking up to the topside?? It gave a nice inside bar/fakey pin bar setup, with euro being very weak and jpy strong, the bearish gutfeel (and technicals), I believe the downward failure is upon us. The eur/jpy and eur/usd I'm already short, but waiting on usd/jpy to show it's true colours.