USDJPY pullback in the works

12 בדצמ׳ 2014

After months of solid bullish movement, USDJPY has reached a possible zone with previous cluster of support. This also confluence with the AB=CD at 1.618 level. This could be an area traders looking to take some profit off to beef up their annual account before year en closing. I am inclined to look for short trades on lower time frames.