simontien
Short

Path of least resistance in USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
Given the huge amount of "open space" in between the most recent broken structure and the next support level , if the price doesn't fall straight to final target zone I' m going to wait for a retracement into one of the 2 hot price levels defined by significant structures broken to the downside. The two scenarios are depicted by dash lines. I've set alerts on both support area to seek for signals to sell on lower timeframe ( bearish engulfing / pinbars).
There will go like a falling knife till 100! Might be a bounce, but I don't expect to see it! The final target is 75!
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