HiTech
Short

USDJPY FACING STRONG RESISTANCE

FX:USDJPY   U.S. Dollar / Japanese Yen
514 8 7
Potential correction down highly probably. Breakout of the target might result in change of trend
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i think so. you are helpful. my target is 118.675.
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Hello, HiTech. Excellent.
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Very good, Excellent. Congratulations.
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Looks good, I'm in as well, I'll try to cover half when reaching my target and then move stop to BE...it's good for the mind.
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HiTech IvanLabrie
but your target is a bit lower... well if we see the breakout below my target, the potential for the downside becomes much bigger
+1 Reply
Indeed, there is a potentially strong support below, as you can see here:



My target is derived from Tim West's methodology, and includes a time target to reach it.
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HiTech IvanLabrie
so we should hit it till the end of next week apparently
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Or earlier...if we hit it faster than that, I'd suspect we might see a correction before the time runs out, which can be a second short opportunity, or a reversal.
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