Recently USDJPY complete 5-3-5 Correction and now its making WAVE #01 on Monthly Weekly and Daily Time frames. Current Short is the internal short term short only. In the Long run It will go long.
USDJPY recently broke the resistance 108.500 and price is moving below to it. Its next target is 105.500 or near by areas from where it will bounce back towards 111.00 again.
For me its Short Right now but it will get a pull back and this pull back need to be checked on the lower time frames with the help of Price ACTION patterns.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.