We are coming into a high probability reversal area on the usd/jpy as we are in for more downside on this pair. There is a possibility that we might get a pullback past the yellow sell zone, but its up to you if you want to possibly wait for that move higher or sell at the zone. As a said there is much more downside to come on usd/jpy if the market is going to be complaint to the larger Head & Shoulders Pattern on the Daily.
Again the Risk/Reward is very good, at least 4/1 or more depending on how aggressive or conservative you are.
Target 1 is at the next level of support
Target 2 is at the completion of the large H&S of the Daily
Again the Risk/Reward is very good, at least 4/1 or more depending on how aggressive or conservative you are.
Target 1 is at the next level of support
Target 2 is at the completion of the large H&S of the Daily