Wikiwicks

USDJPY corrective structure break (short opportunity)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
(1H):

The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.

This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position. This would be aligned with the gold bullish bias and the overall USD devaluation
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