FX:USDJPY U.S. Dollar/Japanese Yen
FX:USDJPY is notorious for running up, but it looks like it is starting to get tired. I am looking for a break of the steeper , for a pullback to the lower . The two-trendy system as I learned it from rob booker is a simple break in one and a pullback to the current trend, which for usdjpy seems to be up. So, short it on break of the , close trades and buy for continuation of the trend.
Comment: sideways movement usually spells doom for a pullback, and NFP is half an hour away. this is a dangerous trade so be careful if you enter.