USDJPY On its Way Back to 125.00 Level

After FOMC stated possibility rate hike in Dec as China is stabilizing, I'd expect USDJPY returns back to its 125.00 level in the following week.

What do you think? Let me know in the comment section below!

Comment:

11/5/15
UJ made the run beyond the 121.50 level.

NFP in 2 days.

Comment:

USDJPY has established resistant at 122.00 and support at 121.50 as we are heading into the NFP and unemployment rate news release in less than 17 hours.

Comment:

UJ break above 123.00 after had the strong NFP in 2015.

Comment:

It seemed like we are well on our way to 125.00.

Comment:

Trade active:

UJ pushes for 123.50 after USD shows expected CPI number.
Last week's lost was all recovered.

Trade closed manually:

www.forexfactor.../attachment.php?attachment...
Positions closed due to massive Long covers in post November FOMC section (Tokyo section). You can look up why UJ have fallen. I am not going to repeat them here again.

Comment:

I am going to stay flat till the next entry opportunity. If UJ be able to build up enough momentum and break above 123.50 again, I would consider entry again and target 125.00