Stoic-Trader

USDJPY - Running or expanded flat?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The Fib Resistance mentioned in the last post held the upside (see related idea), and now we´re looking at 2 scenarios:

Running Flat: We should stay above 112.5
Expanded Flat: We can go down to 111

Price action on the next few days may give us more clues on how far bears will take the price.

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