capitalpropertiesfx

USDJPY - getting ready to start a larger correction?

FX:USDJPY   U.S. Dollar / Japanese Yen
127 8 0
I'd like to see a strong Daily close below 120.00 before anything and if that happens, then the recent highs must hold otherwise the bearish setup will most likely fall apart.
Target area is around 116.00


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what do you think for the current move? Any sights?
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I think it could be the real deal. Now the highs must hold for this bearish setup to play out.
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Sam0101 capitalpropertiesfx
i plan to short around 119.4 to 118. What do you think?
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118.00 seems to be a good target. Even 117.90/80 could do, as most likely, if we get to 118, price will try to break it at least once.
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Sam0101 capitalpropertiesfx
Wish me luck. I seen bearish on this pair since the huge drop last few days. For what i think it will retest 118 low once more
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I agree, it looks bearish short-term but be careful as the trend is clearly up and we may never know when BOJ makes a move again.
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Sam0101 capitalpropertiesfx
Is Japan going to held election this weekend?
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Yes.
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