USDJPY - Updated - Consolidation Continues After 116 Break

FX:USDJPY   U.S. Dollar/Japanese Yen
276 2 7
Greetings Fellow Traders,

USDJPY             continues to show clear signs of consolidation in a range below 116. The previous analysis still holds strong as we continue to wait for price to make it back to 116 area.

Ideal Selling is going to take place around 115.50+

If you are a short term trader, it might be advantageous to look for both buying and selling opportunities while this range exists, however be careful when it breaks in either direction.

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Synapse, you overleveraged my account and almost blow it up! You cannot get back in touch with me to tell me what went right and what went wrong! How many times will you ignore my many calls and messages? I gave you my trust and you turned it into a pile of crap. You did not stick with the plan and you did not have good risk management. You should be shot!
Hello Synapse, Just waiting to enter this short, and at the 116. area is where I have placed an auto short trade. You see this as scaling in at the 115.5. This would be the 1st retest of Jan support. Most 1st touches repel strong? Any new views on the GBPJPY, I was looking at the 161. 162. level to scale in on a short position, then I thought we may even retrace to the 168. 170.levels. Regards
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