We have missed this entry. We waiting for it to retrace and we will enter short at 111.96. With the right bullish evidence at 109.00 we could enjoy a short ride up. My biggest concerns are that the dollar index (DXY) is still a bit bullish but we believe it will weaken over the next few days or even weeks.
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USDJPY shorts cutting a bit deep into our support area at 110.000. This could reverse back next week and then we will see our big short.