USDJPY rose until 110.5xx lvl and retraced..(strong resistance @ 110.5xx to 111.8xx)
I m bearish or hope for reversal based on 20May Candel formation.
Expect to retrace to 109.0xx and 108.77.
Update1 [25 May 2016] : Managed to retrace to 109.100 on 23May2016 ,but miss my target of 109.0xx lvl and rebound. Let's wait until the end of the week.
Update2 [28 May 2016] : Bounced back to 110.1xx level on 27 May 2016 upon Yellen's anticipation of June rate hike. I m still expecting of reversal to 109.6xx ->109.2xx->108.6xx as long as 110.5xx lvl is held. (i m still holding some shorts with SL @110.66)
Update3 [10 Jun 2016] : My shorts triggered. (seems) it is LOW. But it did managed to free-fall to 106.3xx lvl following BAD NFP data.
Updated chart closed on 27 May 2016
Updated Chart closed on 10 Jun 2016
