USDJPY daily . . . finally hits the bigger target !!

FX:USDJPY   U.S. Dollar / Japanese Yen
43 0 3
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.

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