KamalFX
Short

Possible retracement off previous support on USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
Here we have previous support meeting the 0.382 FIB level. I will wait for candle stick confirmation via possibly a doji or an engulfing .
This Area is a critical area for the $yen. this pair may have run out of breath to the upside. But there is strong indication that this is just a retracement before a last 5th wave of the grand cycle to the 127-129 mark a possible extension to the 1.3500 teritorry. , and then we should see a strong move to the down side breaking all previous lows within the next couple of years... in the short term, this is a good set up Kamal.
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KamalFX Fx-synergy
Thank you for your feed back, sorry about the late reply I have been out of the country, as you can see price just about touched my stop loss, luckily though, on my live account I set my stop loss a few pips higher and price hit my target. Also, I agree with your long term point of view.
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Looks good lets see
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KamalFX KevinSinghDhaliwal
Thanks kevin, sorry about the late reply I have been out of the country, as you can see price just about touched my stop loss, luckily though, on my live account I set my stop loss a few pips higher and price hit my target.
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