Hi there,
Impulsive move on USDJPY looks like its about to end, as the dxy is also preparing for a retracement, USDJPY can fall now to make correction from the last weeks move, to prepare for the next up movement.
I will be looking for 106/107 area to start buying again, but for now look for sells, we are sitting on a weekly supply zone, a fall from here will happen.
Good luck
Impulsive move on USDJPY looks like its about to end, as the dxy is also preparing for a retracement, USDJPY can fall now to make correction from the last weeks move, to prepare for the next up movement.
I will be looking for 106/107 area to start buying again, but for now look for sells, we are sitting on a weekly supply zone, a fall from here will happen.
Good luck