DislikedHi Petar, I look forward to seeing your analysis for the upcoming week on USDJPY. Currently watching the 4H timeframe, it does not look like this pair is able to sell off any further, but not near any significant levels that I will be looking to take a trade.Ignored
I am bearish from 112.75 from last week and I see a clean shift from upward to the downward side. Broken rising wedge on daily + series of lower lows and lower highs is a clear indication of trend atm. Profile confirms the same view. Patience is the key to professional trading. The smart money already started sell off on Friday and they will probably sell in waves after any decent upward correction. The level of 112.45 looks very decent for swing traders to add sell. I am just sitting from 112.73 and wait for my soft target around 108.20. Informed traders can also wait for FOMC meeting minutes in 2 days to do their specialties to trap the crowd.
Hope I helped you
"Buy on fear, sell on greed !!!