USDJPY- FRom 104.15 Highs looking for ABC structure

FX:USDJPY   U.S. Dollar / Japanese Yen
222 2 9
From the highs of 104.15 - we saw the fall till lows@103.53 -Now this could be A-wave             & we can have B-wave going close or slightly above 104.15 to trap, but likely below 103.53 it continues & will go & test 103.35 below that level - it should test -102.70-102.75.

The zone of 102.70-102.75 can be strong zone for buying if that zone holds also note if 102.70-102.75 fails to sustain then there could heavy selling in USDJPY             .

Happy Trading & Be careful in taking risk after all trading in financial markets is risky.

Abhishek             H. Singh, CMT

Trade active: 19:20 Hrs 7th Oct2016

Done 150 pips in all. Position closed between 102.85-102.90

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Hope u r right
Closing the position at 102.85-102.90 likely their is a support
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