USDJPY on the way to 112

14 Nov 2016

Logical target is between the 33% and 38.2% retrace from NOV 2015 high somewhere around 107.6 and 108.8 . . . consolidation or a pull back after that and then on to the logical 50% retrace to +-112, where there is a lot of resistance if you look to the left on the dailies. DXY looking good for 100+ and the USD seems to like Trump.

15 Nov 2016

Catatan

Well it motors on . . . no consolidation or pull back just yet but PRICE is now at a triple junction of a downward trendline (not on chart) / top of upward channel and 38.2% retrace, so if it's going to happen it should happen somewhere around here +/- otherwise PRICE will over extend itself leading to a bigger correction later on.