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Astrofx

USD/JPY short long term swingI'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to 107.500 key level on NFP day leading to a nice rejection. Long term we are looking to see price break 105.500 key monthly support, this would most likely lead to a drop to around the 101.100 area for about 400 pips. But time will tell and patients will pay:)
Short
by tower47