TomProTrader
Short

USDJPY: In A Corrective Area Of Trend Cycle- Warnings Ahead #FX

FX:USDJPY   U.S. Dollar / Japanese Yen
242 0 9
Traders,

We're probably in a corrective area for this pair, I would expect a move to the mean price soon, OR, directly off the leg we are on now. This corrective leg could see Yen lose a fair amount of points and give us significant profits.

Looks very good, and good for shorting. It's very unlikely bulls would step in at this point, as it's evident that they're overpowered. However, it isn't impossible.

Best of luck
Tom

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