USDJPY - Sell/Short Opportunity
Minute bullish trend inside corrective wave for USD/JPY is almost coming to an end. USD is still very dovish. There is a possibility that price is extended to 2.618 which is sometimes common in wave 5 and shows heavy divergence. If you view last linked chart for USDJPY, I took a buy and hit TP on 50% of my orders and left the rest on break even which I closed manually once the consolidation began downward around 107.700. I am waiting for price to break below or outside of channel and retest to take a high probably, low risk trade with stop loss above the high.
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