themarketzone

$USDJPY reversal in the PRZ

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Those of you who read the Weekly Markets Analysis and my previous post here about the $USDJPY, know that I was expecting a reversal at 109.5 which is the completion point of a bearish AB=CD pattern. It is also the monthly downtrend line zone.
So far, the $USDJPY follows my analysis and we me see a huge opportunity here.
I'm talking about potential for 300-400 pips as initial target (patience is needed).

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