Please follow me and like my ideas and las share this ideas with your friends. For most of last month USDJPY was in a wide range (consolidation ) of about 100pips USD strengthen a little and pushed the price back into the consolidation area But USDJPY sold below the 107.000 but a pull back upwards left a wick above the 107.000 area The pullback was just 50% retracement of the sell Price fell downwards and it is still under 107.000 Price may extend down wards to 127.2 extension or 1.414 extension