Fxprotrader
Short

USDJPY Breakout of Corrective Structure About To Happen

FX:USDJPY   U.S. Dollar/Japanese Yen
If price breaks the lower trendline of the corrective structure ( ABC             pattern) we may for plenty of setups in lower timeframes till price reaches 113.670 level.

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i think we are still in channel and the channel trend line is still not tested yet the broken trend line is just a minor change in the structure and we may see bulls power back in coming weeks i think you need to adjust your channel trend line and if price will break below the trend line then it will open doors for more loses which i dont think gonna see near in the future.
snapshot
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I m too looking into deeper correction.. My idea has published is here.
WEEKLY ANALYSIS (26-30 / OCT 2015) - UsdJpy
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but usdjpy have very strong up trend long time so this is confusing situation...
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Agree
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