USD/JPY 28.12.2016 H4 chart.
Price stops below diagonal resistances from D1 chart.
Triangle formation and break below diagonal supports for probable reversal of the short term upward movement.
Break below 50SMA – negative signal.
Fundamentals: Stock markets declines will support JPY, as on the other side positivism after Trump election and the rate hike are till its end.
We can wait for a break and test below 117.10 or now.
Jr. Trader Nikolay Georgiev