Between here and there though, we have massive resistance just below the ¥150 level, and it is going to take a certain amount of momentum to take that out. Keep in mind that the Brexit is still being dealt with, so it may take some time to get through there. If we get good news though, we should slice through it. If we were to break down below the ¥144 level, then I think we open the door to the ¥140 level and of course that would negate the .
I suspect that there is going to be a short-term pullback that last week or two, but it should offer plenty of value underneath. You should look at this is a market, but one that is still trying to build up enough momentum to change the overall trend. Again, I have no interest in shorting until we are well below the ¥144 level.