Next Week would be much violent for any currency pair from both Trump's Inauguration day and Important US Economic data in focus :)
Without Important Economic Data from Japan implys most of the price movement in USD/JPY is driven by U.S. Dollar Index.. Thus, this brings us to big opportunities especially USD/JPY pair
Analysis Abrupt Increase in price level to 116.157 is expected before or at January 17th (Monday-Tuesday) This presents us first opportunity to short with great risk-reward ratio in short-term.
After that, price should be dropping down to form Bullish Three Drives at 112.400-112.700 with 78.6% Retracement and 127.2% Extension Channel. This should take around 3-4 days expected before Trump's Inauguration day
At Inauguration day, Psychologically bias-thinking that USD would be strengthen to welcome positive momentum in stock market, Corresponding with Target Price of Bullish Three Drive at around 117.465
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