Hello traders as we look at the USDJPY we are looking at a 60 minute chart. My bias is bearish and I am looking for the pullback to the 50% Fibonacci level for a possible sell at the price of 116.40. I am looking fore the take profit level of 115.20. This is a nice trade as the dollar remains weak and the JPPY stays strong. I hope to get out of the trade by the NY session.
Thank you traders and we will talk soon….William