USDJPY has recently taken the clean stops that we had sitting at 114.80. Breaking and retesting into a daily at ~115.30.
This being said, we've also had a nice rejection off of the 4 hour 20EMA.
Ideally, I'd like to see USDJPY head for our , break and retest the at ~113.75 and head for ~111.75.
I'd like to see this play out over the next two weeks, looking to take a short position providing price breaks down around our next .