The USD/JPY is in bullish trend following inverted SHS pattern on H4 chart. At this point we see bearish divergence looming at POC zone. POC zone 114.50-65 (W H5, Order block, historical sellers) could tank the price should we see a retracement into the zone. Adding to that, the ATR has already been overshot so the retracement is likely to happen. Targets are 114.00 and 113.50 (W H4 and M H4). Treat this setup as counter trend and a correction in an uptrend.
