1. currently am not able to make any decision regarding this pair, 2. i will wait for it to reach the support area marked in chart, from there, i will eaither buy with a reversal pattern (abcde) reversal movement, or i will sell and ride the downward movement, 3. after this movement i will decide on the next movement, 4. buying will get a target of 103.20,...
my stop loss @ 174.00 (taking into consideration the spread difference)
4 movements for the usdjpy selling from 102.45-50 buying @ 101.50 selling @ 103.30
it is still too early to sell the pair for a strong down movement, time is crucial here.