UPDATE: Possible HUGE MOVE Coming!

FX:USDJPY   Đô la Mỹ / Yên Nhật
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A month ago, I posted that there was a possible HUGE MOVE coming in this pair. Despite the fact that there was an almost imminent rate hike to come and that should've sent this pair skyrocketing, the chart was saying otherwise. If you were trading on fundamentals, then you got caught pants down!

Here's what I posted a month ago WITHOUT the benefit of knowing what would happen with the rate hike:
Now look at the DAILY chart above I just posted and you'll see that post-FOMC, we got the drop I was predicting instead of a shot up as fundamentals would have you believe would happen. Post-FOMC, this has already dropped over +250 pips! Is there more to come? I believe so. MUCH more but don't expect a straight drop down. This corrective wave may not yet be done. But if you believed me and did what I was suggesting, you are in a good spot!
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Any update on the trade? Still on?
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Andrew................looks like you were spot on with htis analysis !
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@DAVIDO122, thanks. we'll see how things go before rendering final judgement.
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Thanks, can you explain why are you now targeting 105 as final target instead of some 99, as you did 1 months ago?
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@lu1977hk, it's not set in stone. But that area is an area of strong support. There are a number of different factors that go into my analysis that unfortunately I can't go into detail here but the most important thing is just to watch how things unfold as it drops. I will be continuously analyzing it as it goes but I sorry, I won't post those constant updates here. But I'll update once in a while
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@gfknn5, Thanks! But being right is not the point. The point is to help make money and teach trading.
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Nice analysis!
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EverythingForex chinasroyren
@chinasroyren, thanks! plenty more where that came from!
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