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USDJPY More Downside expected in the short term

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Charts247TradingAcademy  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis Forex livetrading USDJPY wavetheory wavestructure newyorksession
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1
trendanalysis chartpattern waveanalysis forex livetrading usdjpy wavetheory wavestructure newyorksession
The USDJPY has to retrace some of the impulse to the upside, we have seen wave structure 0,1,2 and 3, this is an ideal opportunity to enter short at wave structure 4 expecting Lower low 5.
The price from ML 3 to 4 is a deep retracement of 76.4% of the last decline, knowing this we will target the T1(137.81)
Stop Loss: 138.55.

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