Greetings.
Let’s take a look at the USD/JPY.
Although the trend remains bearish, look for a potential 3 wave retracement up from the low from mid-March.
Look for a potential retracement back up to the 81.30 – 82.00 area and above. Once the retracement completes, then look for a continuation of the movement down.
Good luck with trading and be sure to use your money management as well as your stops.
