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Nanguei

going short on retracement

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Nanguei Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
2
5
trendanalysis
last one for today. I'd just like to get a bit of feedback on what you guys think about this shorting opportunity.
Again, just a basic analysis based on simple reads on S&R as well as fibs.
Comment:
market is in consolidation right now, but it is expected to continue short afterwards. This might be a second opportunity to trade short during this consolidation. (we'll see)
Comment:
112.260 should provide a bit of resistance and hopefully we get to see this target get a hit
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