USD/JPY has just completed a large 5 wave formation going back to Sept 2012 followed by a 50% pullback within a nicely formed channel.
We are now at the top of the channel and I will be looking for either a rejection of the trend line and a possible short OR a break of the trend line and a pull back confirmation.
We are now at the top of the channel and I will be looking for either a rejection of the trend line and a possible short OR a break of the trend line and a pull back confirmation.
