Might be a bigger top in USDJPY forming.
Updated
I've been consistent in my net bullish bias on USDJPY since 150. The TA made sense and at the time it seemed silly to me that all of a sudden absolutely everyone, with no Forex experience, all suddenly were entirely certain the USDJPY was going to crash.
I've been a Forex trader a long time. Seen a lot of people come and go. If the game was as simple as look for a big red candle and scary news headline to position for the imminent crash, people would do better.
What actually happens in Forex is most people get mauled and move on.
With all that said, I do not think the USDJPY may be at a high. I also think USDJPY has broken out and we'll ultimately go higher.
But I think we're now at a point where the USDJPY crash narrative actually makes sense from a TA perspective.
And people are not talking about it anymore. Now they're saying the Yen is collapsing.
I've been a Forex trader a long time. Seen a lot of people come and go. If the game was as simple as look for a big red candle and scary news headline to position for the imminent crash, people would do better.
What actually happens in Forex is most people get mauled and move on.
With all that said, I do not think the USDJPY may be at a high. I also think USDJPY has broken out and we'll ultimately go higher.
But I think we're now at a point where the USDJPY crash narrative actually makes sense from a TA perspective.
And people are not talking about it anymore. Now they're saying the Yen is collapsing.
Comment
This might have started. First supports are not broken yet but it looks like they might.Comment
140 hit Comment
It might be USDJPY's time to shine now. Trade active
To the mooooooooooooon!
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This seems like a critical moment for USDJPY. If it can hold and recover here, I think we're into an uptrend. Comment
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Stops trailed at 145.30 to lock in profits.
Probably the cleanest trade that's been available over the last week.
Comment
If this does end up being a bull trap, I'd be interested in buying again somewhere around 140.
Trade closed manually
Thinking this might go lower. Out my longs 147. Comment
I would like to buy 136 or so if we got there (As per the original forecast). 
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