IkanBilisCapital

USDJPY short now or later?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
An overdue dip is looming for the dollar yen. Is this the point where we see some kind of correction downwards or do we have to endure another dump to the downside before this can happen? I think if the price structure breaks down from here, we should see some support at around 113. I don't think this structure is complete for a complete reversal. There's still a bullish overtone for US dollar. The 120 level is totally possible before the bull run ends for the us dollar.


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