Correction started, as expected.
We now have a bearish target in sight: 19184 by April 27th.
This level and date will be a potential retracement area, or reversal, depending on how price action evolves.
Considering the scale of the uptrend, I don't think this correction will end there, but we'll see.
Better expand as we move forward.
I am short GBPJPY, and monitoring SPX, EURJPY, AUDJPY and USDJPY for important clues about this large development.
Will post updates here.
We now have a bearish target in sight: 19184 by April 27th.
This level and date will be a potential retracement area, or reversal, depending on how price action evolves.
Considering the scale of the uptrend, I don't think this correction will end there, but we'll see.
Better expand as we move forward.
I am short GBPJPY, and monitoring SPX, EURJPY, AUDJPY and USDJPY for important clues about this large development.
Will post updates here.
Trade closed: target reached
