USDJPY Correction

FX:USDJPY   U.S. Dollar / Japanese Yen

Ichimoku sent a buy siganl on 10-10, now the trend is over extended. will take a 200 pip correction before hitting 83.00. The shades started moving up around nov 10th. and this means that the uptrend will end soon.for reference see how the shades start to move up during late march.

MACD now still sends a buy signal. wait until the histrogram turns negative to short usdjpy .

Trade recommendation. Short around 8275-82-30. Aim for 100 pip correction down to 81:50.

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