USDJPY finally hits the bigger target at at the 50% retrace FIB and the 161.8% extension from the ZIG-ZAG H/L (black line).
Got to say I've gone NEUTRAL to SHORT now expecting a correction in the near future. There is still one potential target above at the 61.8 retrace but I think that's too far without a correction first.
First simple targets are just to come back to the 10/20EMA for a touch and see how strong the BULLS are . . . break it down to intraday time scales and you have targets step by step using the 100/200SMAs and a test of 110 will start to sort the men from the boys.
Got to say I've gone NEUTRAL to SHORT now expecting a correction in the near future. There is still one potential target above at the 61.8 retrace but I think that's too far without a correction first.
First simple targets are just to come back to the 10/20EMA for a touch and see how strong the BULLS are . . . break it down to intraday time scales and you have targets step by step using the 100/200SMAs and a test of 110 will start to sort the men from the boys.