FX:USDJPY   U.S. Dollar/Japanese Yen
69 0 1
USDJPY             : We must admit that our calculations were beaten : This pair is acting as risk Off asset because the equities are falling which push this pair to kick our calculations hard. http://prntscr.com/9n1ipm
Well We analyze it again and Now we are going to change our mind and we are Bearish for target 115 after minor retracements here like emoticon
We think its going impulsive inside big wave C Corrective leg which will ideally should end at 115.
Our resistance now lies at point near 119 and we will look to sell after retracements again.
This Rally is too aggressive and has so much Yen influence that we have to admit yeah its weak.
Our invalidations lies at 120.10 for now which is warning sign for sellers.
Trading recommendations :
Stay patience and we will look to short at 119 with stop 120 and will target 115 number as ideal target for it.
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