I am entering a Wonderwood short position. This is speculative, meaning there is not a confirmed break down. It is also counter trend because we are above the 50 DMA as has been discussed. This is a risky trade, and is front running so not a given. I may add to it if it goes my way.
So far, the analysis has tracked perfectly. Stock Market Update, Forecast and Outlook for Next Week-2 and Stock Market Update, Forecast and Outlook for Next Week-1.
Here is the Wonderwood Short Position:
The USDJPY level posted on Sunday has delivered the bearish reaction that was anticipated. Dollar Yen Trade Post.
Here is the updated chart: