Short Long Term Set-Up

FX:USDJPY   U.S. Dollar / Japanese Yen
Possible pullback to 103/104
Stop has been touched for some pips. I'll re-enter from this point with the same bearish target.
Why in the world would you see a short opportunity here? There was a reason in 2007 for it to retreat, as all of the data pointing to all hell breaking loose.. Right now the economy is looking to power higher than it was last year, if anything we'll see 140 before we ever see 103. I do believe we might see a retrace to 124 after we hit 140 area, and if by then the Japanese economy lease the recession they're in we might see a good shorting opportunity
RamaDeda holmessph
We will see man! Thanks for the constructive comment
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