USDJPY reached important action point

FX:USDJPY   U.S. Dollar / Japanese Yen
827 4 41
These days we kissed the Niveau of the last top. This is an Action Point where a decision should be made.
-Trading above this Level (104,5) could initiate the next upwave with tp 106.5-107 (last significant top and ema 200). If the Price could trade sustainable above that Level, we could interprete this pattern as a bottom.
-Staying below that Level would increase the risk to start the next downwave with tp 99-100. Especially trading below 102.5 can be seen as the next cyclical downtrigger.
-Trading below the Strong Support Cluster would be ugly and could initiate a mini-selloff
Comment: YES!!!
Comment: Trading above 104.85 should initiate the next long wave
Comment: yihaa
Trade closed: target reached: yihaaa
Comment: that`s really awesome
Wow. Your trading is great. I've been following you for a bit and love your updates! Great to learn by watching people like you!
Thank you Mary! Profits taking now... be careful NO hike...
i missed you maryjane
Hi , how do you see it evolving? Thanks for updating..
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