LONG USDJPY up to 116
I went totally wrong on AUDJPY yesterday after reanalyzing everything and should be stopped out very soon. As far as the USDJPY goes. There is a lot of YEN selling pressure right now that's taking out some key areas opening the door for a huge decline. Also, the USDOLLAR is picking up some strength ahead of the FOMC as you can see pin bar that formed a few days. This is a tough spot, but I have to take a shot here. Technically, We have broken the counter trendline, with a daily MACD divergence, and an 8/21 ema cross over. Also, we have held up the 111 key area with a daily close two days ago. Let's see what happens.
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