AbhishekHSinghCMT
Short

USDJPY- Cracking the pair right at the top@104.15

FX:USDJPY   U.S. Dollar / Japanese Yen
158 0 5
Trading@103.57

Getting it right at the top@104.15- It's a feeling of nirvana-vow. As per previous update mentioned below-I suggested in trading strategy that UJ can look for a similar high or new high post it formed a high@104.15.. Only thing which has not turned in favour was -I expected this with NFP Data- well that much leeway should be allowed.

Already -1st downside leg is in process.

Trading Strategy
I am looking for 102.70-102.75 zone as target zone but one thing to be taken care- this move likely shall be A-B-C structure going into the desired zone-where A-leg is running & we will see B-leg -an upside retracement & then a fall again in C-Wave             .

Previous Update:Beauty of Market -Before it Unfolds


Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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