Possible Butterfly pattern spotted on USDJPY pair. Any of next daily candles should close above 103.51ish, if a daily candle closes above this, the pattern is invalidated.
Reaching 103.50 area. Someone will have to turn this thing down...
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Rejected in first instance. DXY failed to close above yesterday´s high. Not a big sign but can become more important if tomorrow both UJ and DXY decline
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Once again, daily close above 103.51 will invalidate the pattern.
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Shorted 1.0391, stops to breakeven. There is a gap which hasn´t been closed when the USD turned down, not only on UJ pair. It can be closed on tomorrow´s NPF volatility but my overall view is short USD
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Closed first short on initial move down and opening a new short now. SL: 106, TP: 96
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Added shorts at 104.15. Moving first short to breakeven. If I´m not wrong, EURUSD still has to touch 1.1135, therefore one mroe leg up on UJ is possible