USDJPY Both Fibonacci extensions have been filled on both sides! Not going to lie, I was too fixated on seeing new lows and didn’t respect the previous breakouts. This is the engulfing move, and for me to shift my bias to bullish momentum, I need to see a candle reject the 50%-61.8% of the last breakout candle before committing!
USDJPY T wants a weaker dollar, we might be in the middle of a liquidity sweep for further bearish movement. probably should consider sells if we get a strong rejection tomorrow.
USDJPY ....IF we sustain a close above 149.92 on the H4. The weekly target of 151.20 looks promising. Similar situation for EJ. If we get that sustained close price should move with some speed