Coming off a triple top bearish pattern, price is at the lowest level since July. If the current trend continues down I'm looking at the 38.2, 50, and 61.8 Fibonacci retracement levels to cover the position.
This is the futures of USDJPY, which is JPYUSD. The spot price, USDJPY, is the inverse of this chart.
Great short for this pair, which is long USDJPY. Should see a minor low, .9250 is my tgt area currently and once this is achieved we should reverse and rally. When MJY1! is at .9250 this would be a great short in USDJPY.