FX:USDJPY U.S. Dollar/Japanese Yen
USDJPY has retraced back to the Short Zone area in three waves making it an X way. The pair can go lower from here. My targets are way lower around 114.00 to 113.50 area but I would enter and exit short term trades based on the wave structures that I see going down from current levels. Its a nice risk reward trade. The stops can either be above previous X wave or the Top at the End of Wave 5 for long term targets.. Happy Trading!!