Possible 4:1 trade on #Nikkei to close out August $USDJPY

I am seeing a potential big retracement move up in $USDJPY which is highly correlated to the Nikkei index. We have a head and shoulders pattern forming on the Month CAM R3 backtest. The measured move targets are shown.

Kommentar:

DJI election year seasonality shows a big top with metals around SEP 1-4. Nikkei may follow this up.