USDJPY: SELL OPPORTUNITY SOON!

USDJPY has been on a run lately but with the very long 3rd wave completed, and making a move to the 4th wave, we can expect the 5th wave to be very small, with a chance to be in a good short position around the 110.35 price level as it corrects down.

There is a trend-line that should run right below wave C. This may be a good area to buy at but it's too early to tell.

Note: Expect wave 4 to correct no more than around the 38.2% of the move.

Good luck traders!

I am not a financial adviser. This is for educational purposes only.