We went long USD/JPY on Sept 22 on the dip down to 111.70 and moved the stop loss to 112.48 on October 30. IG Client Sentiment is neutral. The sentiment reading is currently near parity this week. Now, with a reading of +1.01, we would like to see a material move above +1.10 or below -1.10 to use this as a part of the analysis. Follow the live sentiment reading here. The current price action in USD/JPY opens the door for a larger correction to around 112.00. The USD/JPY correction might not dig much deeper than our stop loss. However, the probabilities of the original trade have shifted more so to the downside and we ... (full story)