This idea is one to watch and will be a good move if it happens.
USDJPY took incredible Bull action last year, but has since been moving back down to previous support levels.
We can start to see an incredible head and shoulder pattern forming.
Key levels to look out for are the previous support zones around the 126-127 zone and especially the 115 zone which has been a historical key zone.
Whilst in there as been short term bulish pull back, stepping back out to the daily shows there is more to this downside and a good entry zone currently.
USDJPY took incredible Bull action last year, but has since been moving back down to previous support levels.
We can start to see an incredible head and shoulder pattern forming.
Key levels to look out for are the previous support zones around the 126-127 zone and especially the 115 zone which has been a historical key zone.
Whilst in there as been short term bulish pull back, stepping back out to the daily shows there is more to this downside and a good entry zone currently.