DanV
Long

USDJPY - Bullish, Look for new Long Entry

FX:USDJPY   U.S. Dollar/Japanese Yen
371 1 2
Last chart expected to hit 100 well before we started that move and went on even higher. I am republishing this updated chart where intermediate swing trader could possibly find short entry around 102 to 100 for area.

However, I think it is safer and possible more profitable to look for long entry. That will develop once we have a partial retracement of the last decline and then another leg lower to around 100. Might not pal out exactly but a long entry should develop around 100 and 105 - 106 as potential target for now. Will have better idea once we see a bottom form.
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