USD JPY seems to continue going down to 112.50 level. Now is making a 5 weave of III, in the (I,II,… V )Elliott pattern.
Look for a good setup to entry from 113.40/113.65, I think the 113.40 is a really good entry but, on 113.65 there is a strong resistance and a 38.2% retracement from 114.75 to 112.95.
A recommended SET Up could be a cross below of 2 Exponential Movil Overages (10 per and 31per) in 5 minutes.
As I writhing this the opportunity is just about to happen… at 113.25 level.
Have good trades every one!