USDJPY: this is just a retracment only

Traders:

See the big pic, UJ now is in a retracement wave from YELLOW C, which is EXT FIBO 1.27 of last wave.

And after pulling back to X( last support hopefull become resistance now) ,
we are expecting EXT FIBO 1.414-2.0 as our tp zone.

Less is more!

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same, waitng entry at 110.

Trade active:

110.3

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this is long position.

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there are two plans for uj, long it to x, then short to Y.

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70 pips for the first long trade.

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This trade is good.

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Gm, guys.
Our first plan to long uj hit tp1 :112.

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UJ hit x exactly and then drop from there,
which made our tp1 for long trade (above) hit.

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UJ is not going to break down the channel.

Check my new update idea about UJ for a long trade.

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Short uj again, when rehitting 110.1 which now turning to a resistance now.

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BTW, our short trade entered at 110.1 ,
Now making 180 pips.

Trade closed: target reached

Comment:

108.54 closed.

110.1-108.540