A close over 79.19 USD/JPY puts in an outside reversal day. The futures match comes in @ app 126.34.

If you’re looking for a high in the Yen, this is as good a spot as any! The stop coming in at today’s Dollar lows ( futures high). The risk is app half a figure.

WAIT FOR CONFIRMATION!!!! @ 4 P.M. NYC close. Again, cash or futures traders have the luxury of waiting out the time frame into the Asian session for confirmation.

WE HAVE BEEN SEEING A LOT OF FALSE PATTERNS!

That is the smart trade! That way if USD/JPY starts lower you just let it go and do nothing.