Originally the entry was at the beginning of this drop, bouncing from the 61.8. Unfortunately I didn't enter. I am looking for the next entry. I am thinking it can come up to the 38.2 and keep it downtrend going.
1st Target is support on the 1 hour around 115.205 2nd target is 114.325 Stop Loss 116.755
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*i was expecting a pullback and entry at 116.551 but it just made a new low. i will continue to watch this and hope for a pullback for a good short entry
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**I just entered short. downtrend started already and wont come back up in my opinion 115.863 i entered short.
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RrrussT1
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Good Morning. I am short UsdJpy and GBPJpy. My take: Today, the BOJ and "Others" have ceased to Devalue Yen while Sending US Indicies to all time Highs in USA to "Create the Wealth Effect" to aid in the 'consumer sentiment' in the US. This week, they may once again take up this "Project" .. in order to reach last desired goal.. .. which is #DOW20k to assist the DOW to mount the UNATTAINABLE Goal so far of Breaking 20,000. Beware friends, tade carefully and .. Sleep with One Eye Open if trading overnight!! Much Good Trading !!! RJ