I was monkeying around with USDJPY this morning per Twitter. I spent some time with the weekly and daily charts. AUDJPY appears the clearer play for me.
Here is the VERY SIMPLE setup, and it is by no means a given. We have the 21 EMA crossing the 50 DMA. The target is a July low in the 77s. The stop is posted above the 21 EMA.
There is always a bear path and a bull path. We cannot know which path our future will take. As always, do your own due diligence, read the discliamer, and make your own investment decisions.
Peace, Om,
SoulJester