USDJPY. Strategic long

Pair USDJPY has sucessfully made my targets for 1-2-3-4-5 Wave count. This count obviously can be wrong but, for now, looks like it was done well.

Little by little I´m starting to buy USD against JPY. The final targets are high, around 122-125 figures. Please notice the movement down can still be cntinued as 161% fibo level is below 100 figures! And no signs of intervention from BOJ. For now...

I will place my Stop Loss at 99 figures

So, first trade:

0.5 lots bought at 103.8, target 122
SL: 99


Trade with care! This is a very risky but, for me, worthy one!

Trade active:

Couldn´t update this on real-time environment but I added another 1 lot at 103.8 earlier. same LS: 99 figures

Trade active:

Moving both longs to profitability! The quote can still go lower

Comment:

Markets are pricing in the Bremain, though we are advancing well

Comment:

Previous orders closed therefore I had to add new ones. Has an option of buying at 100 but I don't think that's the end. There should be a second wave of a sell-off. BOJ openly recognised they were intervening in the market so don't expect to see the UJ much lower than 100...

Comment:

Beware of Kuroda´s speech tonight. I have som buying orders at 96

Trade active:

Strong buy at 100 level. Targeting 102.5. If you haven´t jumped in, just wait for the confirmation after US market opens

Comment:

Moving it to breakeven. Huge volatility here...

Comment:

Kept my UJ long from 100 figures to current values. Will take all profit here and close position.

It is not that I´m saying UJ will fall right now but I expect one more Wave down (please see chart below).

It can turn around right here (200 MA at 4H TimeFrame) or at 106.68. I´m shorting 1/4 lot here and will add 0.5 lots at 106.68

Comment:

Wave 1 of 5 confirmed, USDJPY will corrrect to 104-103 now. Once corrected, the pair will head to the historical maximums. One of the most interesting investments from here to future 52 weeks

Comment:

If DXY starts to decline tomorrow, it will be a last leg down for JPY. Lets see how it develops!