Bears holding the highs in USDJPY

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The most recent break below 110.5 indicates that this sell-off towards the end of the Fiscal year is looking impulsive in nature. This is a result of combination of flows from Yen repatriation for the FY end and risk-off via Central Bank uncertainty, Brexit and Meuller (now cleared).

Any pullbacks towards 110.2 and 110.5 should be considered corrective and countertrend offering great opportunities on the sell-side. The targets below for shorts come into play at 109.3.

I am actively adding exposure on all pullbacks as mentioned. Best of luck for those joining.

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A quick update here :

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交易結束:目標達成
Beyond Technical AnalysisbojfedjpymeullerridethepigriskoffTrend AnalysisUSDUSDJPYusdjpyshortWave Analysis

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