FX:USDJPY U.S. Dollar/Japanese Yen
Following last weeks Wyckoff view it seems as if the USDJPY could be entering a redistribution phase in the coming weeks. We could make the 103 level next week but then start to range before the next mark down begins. The previous up leg re-accumulation took 34 weeks so I am expecting the market to range between 101 and 105 into next year. That is to say if we go into the redistribution. I will be following the Kijun sen on the lower time frames to give me direction.