pipped

pipped

Have been looking for a good opportunity to open a short position on USDJPY. We've bounced off the 61.8 FIB level nicely, and also where we met our trend line. We've also closed below the 8 EMA. I have 3 bearish confirmations for USDJPY, so I will be short until target 1. Good luck trading, trust yourself, and your analysis. To everyone's success!

pipped Updated 

USDJPY has been in a corrective wave since November 5th. By looking at the chart you can understand that we are currently in wave B of an ABC corrective wave. We have found support at 113.325 where price was denied multiple times to push below this point. Market has closed above our 8 EMA, Now our target is above wave 3 at the next approach of the bullish...