There is a short-term opportunity in USDJPY with a nice reward:risk ratio! As you can see I have highlighted 3 targets, however we can reach to only one target before a reversal, so watch out for any bearish signs.
Excellent int Matches my IHS for reversal, I do expect new highs as part of an expanding cone correction, I will try to look for the 116.00 to be bold once in a wild. cheers
abdullatrader
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@IvanBonilla, Great! Indeed, I don't expect any new highs anytime soon too. My job as a trader is not to predict the future, however use the current information I have to see what movement could happen in the next wave. Lets see how impulsive this wave could get! Thanks for the comment :))
like you say.. step by step, for now, I am waiting for it to cross the 111.500's level.