USDJPY Drop Coming Soon!USDJPY has been in a huge monthly range over several years. It is very close to 50% of that range. From recent price action, I see the price dropping to the 25% level of the monthly range. As last week posted a bullish hammer/doji star, I am expecting next week the high from last week to be swept and reverse for a bearish week and month. In addition, June started off the month only going up, leaving a little wick to the bottom. I expect the price levels right now to be the open, HIGH , low, close. This should be a good month for this pair. I will be looking to compound my trade on the way down. Also note that Gold and UJ have an inverse relationship and Gold seems poised to push higher out of its consolidation.
