FX:USDJPY   U.S. Dollar/Japanese Yen
244 0 6
SHORT SCENARIOS
#1: Re-test of recent consolidation range upper boundary (102.70) with a further drop
#2: Re-test or another false-break of 103.75 and further drop, this might be a scenario for a broader downmove, but only in case there is no strong close above 103.75

LONG SCENARIOS
#3: In case of a drop to 97.5 there might be a nice opportunity for longs around that level, since it would be a rather deep retracement to the bottom part of consolidation triangle (05/2013-10/2013)
#4: In case of a drop to 93.0-94.0 area there might be even a greater potential for longs, but that levels are very far from now, so this is clearly a long-term view at the moment

MORE DETAILED VIEW IN MY NEW BLOG POST: http://bit.ly/OWU5uw

Petr             Suchanek
Forex, Futures & Options Trader
Email: psuchanek@smbcap.com
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