Quick update on my USDJPY post last night. Prices have pulled back, with the S&P, nicely towards the 50% Fibo retracement level as projected. I still think there is more room to the downside for this pair towards at least the 122.45 area. you can also watch the action in the S&P for a potential bottom for queues on this pair as well.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
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