this may look very confusing however its fairly simple. the wedge that can be seen on the left hand side broke out showing a huge impulse of the us dollar however I believe since then the usdjpy has ben retracing back to the original trend. the trend has ben low for the last couple of days and has steady momentum and is likely to keep in the downtrend. due to the tariff situation right now with Donald trump I will wait for confirmation however a downwards sell is a likely and low risk bet for now. the purple bars chart is a mock up of the trend I am predicting for it to follow in the hope it retraces back to the 0.30 fib line leaving a solid profit behind.
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