FX:USDJPY   U.S. Dollar / Japanese Yen
Sellers bullish run started 1/8 caused the pair to drop in excess of 400+ pips, now with the reversal to the upside in full effect. Forecast below shows expectation for a pullback down to 106 psycho before continuation back up; potential target 107. DXY seems to have also gained traction as forecasted earlier this week in response to positive CPI data coupled with trade tariffs developments.

Confluences: CS , Fib, 106 Psycho zone and DXY .

Forecast:


DXY: Expecting move towards 98, clear break of FIB.

Trade closed: target reached: Spike this morning with pair rising as high as 106.77!
Comment: DXY reached 98 with resistance
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