FX:USDJPY U.S. Dollar/Japanese Yen
Very strong impulse leg on usdjpy for last 2 weeks with correction expected this week. This is moving into a very tight convergence of fib numbers offering very good risk reward. The terminal price bar on this pattern will likely be very small with fib numbers so tight so one will have to be on alert to get a good entry as price is likely to respond sharply to such tight resistance. Target 1 is a move of over 200 pips.