In our swing trade suggestion, we targeted USD/JPY firstly at 108.00 and later to 106.00 levels.
The Short is working fine. We are in the money more than 3000 pips.
It appears as if in the near term USD/JPY is headed towards 1.61 Fibonacci Extension to 107.75, however we think USD/JPY is due for a rebound before hitting new lows.
While catching a falling knife is never a good idea, wait for a recovery, if today’s low holds, Buy with Stop Loss at today’s low.