Very strong impulse leg on usdjpy
for last 2 weeks with bearish
correction expected this week. This crab pattern
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 harmonic
resistance. Target 1 is a bearish
move of over 200 pips.