USDJPY has been setting up for quite some time for the next big move. On the daily we can see that we are in an ABC correction and its just a matter of time before the next impulse down. Watching for lower timeframe bearish momentum and then jumping in with targets of 300pips as first target. Goodluck and trade safe!
Last week we identified the head and shoulder pattern and we were anticipating XXXUSD shorts which played out well. We are still looking for further strength from USD. Looking for the completion of the right shoulder this week. Correlate this chart with the USD pairs and try and get and entry for the XXXUSD shorts. Goodluck and trade safe!