As you can see here, I see 3 possible scenarios for USDJPY. It's been in an uptrend for some. I mostly want to sell as you can tell since 2/3 of scenarios include UJ falling to 132.6. It hasn't seen that 132.7 high since 2002! So should it decide to go up, I'd prefer a deeper retracement, but with the "r" word looming in the US economy I'm not confident that UJ will break past the resistence zone of 136.7.
That being said, I'm a technical trader so whatever path the price follows, that's what I'll trade!
That being said, I'm a technical trader so whatever path the price follows, that's what I'll trade!