USD/JPY (1/11/17) *UP to +320 pips potential trade set up

Previously, USD/JPY was riding well the pullback of USD.
Since I am expecting USD to turn back weaker and JPY to strength, this pair becomes a good contender for a short entry.

It is now near a nice tripple top. It may swing up more first, just to slide back down. That scenario is highly possible.

If the trade goes as per plan. it can swing back to 111.27 level and we can potential net up to +320 pips.


Let's see

S0nic

Kommentera:

Still in track.
It is no much movement so far.