FX:USDJPY   U.S. Dollar / Japanese Yen
39 1 2
This pair has a nice five wave up from the recent bottom at 105.55 and is finishing it's retrace to the 50% level. Divergence on both the RSI and MACD (though better seen on the MACD ). Long on this pair with a tight stop just below the 50% retrace. Initial target is the 38.2% extension of the initial move from the 105.55 bottom, measured from the 50% retrace of that same move.
well, RSI and MACD said us "no".. down?
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